COPPER INVENTORIES SURGE TO 23-YEAR HIGH
Global copper stockpiles across COMEX, the Shanghai Futures Exchange, and the London Metal Exchange have climbed to 1.02 million tons.
Inventories have: • Doubled since September
• Jumped +380% since 2024
• Reached the highest level in 23 years
This sharp build raises key questions about global demand, industrial slowdown risks, and China’s recovery trajectory.
Copper is often viewed as a leading indicator for economic momentum — so markets are watching closely.
What does this mean for risk assets, including $BTC ?