The global buildup in Copper inventories continues at a rapid pace. Combined stockpiles across Commodities , the shanghai Future Exchange and the London Metal Exchange have climbed to 1.02 Million tons ;
The highest level in 23 years and have doubles since September.
Since 2024, Inventories have surged by 380% , marking one of the fastest increase on record. Commodities holdings alone hit a record 534,405 tons in early February, while London Metal Exchange warehouses have posted 27 consecutive days of gains - the longest streak since 2019.
Does this inventory build chabge your copper positioning? Why or why not?