Metals market alert: Why copper price is falling today after stockpiles hit 20-year high and aluminum slips amid tariff uncertainty
The Economic Times·2026-02-17 15:42
: After weeks of strength, the momentum in industrial metals paused as growing copper stockpiles and uncertainty around US import tariffs made traders cautious. With many Asian participants away for the Lunar New Year holiday, market activity was relatively quiet.Copper Prices Slip as Global Stockpiles Hit Two-Decade HighCopper dropped as much as 0.8%, slipping below $12,800 a ton. The decline came as inventories tracked by the London Metal Exchange climbed to their highest level in more than 20 years, as ...