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 July Sees Record Central Bank Gold Acquisition Since January READ MORE Misery Index vs. Consumer Sentiment: A Paradox in American Economic Perception READ MORE China Drives Silver to New Heights with Booming Solar Sector READ MORE Powell Signals Delay in Rate Cuts Amid Ongoing Inflation Concerns READ MORE BullionStar Financials FY 2023 – Year in Review READ MORE Add a Comment Cancel replyYour email address will not be published.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