00:00It's Benzinga bringing Wall Street to Main Street.
00:02Copper climbed to a record high on the London Metal Exchange on Monday
00:06as traders anticipated President Trump could expand U.S. tariffs to refined copper imports,
00:13according to Bloomberg.
00:15Benchmark three-month futures rose as much as 0.8% to $14,533 a ton,
00:22surpassing the previous record set in January.
00:25Copper has gained 17% this year and 47% over the past 12 months.
00:30The rally has been fueled by metal shipments to the U.S.
00:33as traders seek higher prices there, draining inventories elsewhere.
00:37LME stockpiles have fallen to low levels, tightening short-term supply.
00:42Longer-term demand from data centers, renewable energy, and power grids
00:46is also straining an aging global mine supply.
00:48For all things money, visit Benzinga.com.
