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Almost 70% of Exchange-Held Copper Now Sits in the US
The United States consumes roughly 6% of global copper, yet now holds nearly 70% of the copper stored across major global futures exchanges: the London Metal Exchange, COMEX, and the Shanghai Futures Exchange. Ole Hansen, Saxo Bank's Head of Commodity Strategy, argues that this unusual concentration is largely driven by expectations of America imposing tariffs on imported refined copper.
For entities like New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) focused on exploring for and developing silver resources, the…
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COMTEX_491413284/2557/2026-08-25T10:10:49