铜价再创新高 提货订单激增加剧了美国关税风险引发的供应担忧

Core Viewpoint - Copper prices surged to a new high, driven by a spike in orders for copper withdrawals from the London Metal Exchange (LME) warehouses, raising supply concerns amid fears of potential U.S. tariffs impacting global supply [3][6] Group 1: Price Movements - LME copper rose by 3.4%, reaching over $11,500 per ton, surpassing the previous high set on Monday [3][6] - The price of copper has increased by over 30% this year due to supply disruptions from major mine shutdowns [3][6] Group 2: Market Reactions - Copper mining stocks, such as Antofagasta Plc, saw significant gains, with shares rising over 5% to reach an all-time high [3][6] - Traders and analysts have warned that large quantities of copper are being shipped to the U.S. ahead of potential tariffs, which could lead to extremely low global inventories [3][6] Group 3: Analyst Insights - BMO Capital Markets Ltd. analyst Helen Amos noted that the fundamentals for copper are strong, but mining companies face challenges in maintaining and expanding supply [3][6] - Price arbitrage between the U.S. and other global regions is considered a major factor driving the current rise in copper prices [3][6]