Asia markets desk
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TradingKey · Hong Kong · COMEX copper stocks hit a record as the Section 232 clock runs down
Asia-based markets service laying out the physical dislocation: COMEX copper stocks at a record 652,200 tonnes versus an LME three-month low of 352,100, the spread driven by traders front-running a possible refined-copper tariff. Cites Goldman's raised year-end LME forecast.
“COMEX copper inventories have climbed from around 80,000 tonnes in February 2025 to 652,200 tonnes, hitting a record high.”