Copper Short Squeeze Rocks Global Markets as US Prices Soar A massive short squeeze in New York has sent copper prices skyrocketing, with the Comex premium over the London Metal Exchange price surging to over $1,200 per ton. This unprecedented price spread has wrong-footed major traders and hedge funds, sparking a frantic scramble for copper to fulfill expiring contracts. Despite no overall physical shortage, the squeeze highlights tight US copper supplies, exacerbated by solid demand and shipping issues. Analysts expect further market volatility as traders rush to move copper to the US, with some relief potentially coming in early June. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Effect of a Stock Market Collapse on Silver & Gold READ MORE Palladium Falls Below Platinum as Auto Industry Shifts Preferences READ MORE Gold Takes a Breather While Traders Await Inflation Cues READ MORE ZeroHedge: Two Cheers for Vivek Ramaswamy's Commentary on the Fed READ MORE Government Says, Inflation in December Was Even Lower Than First Reported READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment