Finance · South Africa
Copper Prices Set for Third Week of Decline Amid Rising Stocks
Moneyweb · 2026/02/20
Summary
Copper prices are set to fall for the third week in a row. The price of copper for delivery in three months stayed almost the same at about $12,830 per ton on the London Metal Exchange. This happens because more copper is being stored in warehouses, meaning supply is growing faster than demand. When inventories rise, it usually leads to lower prices as sellers try to clear their stock. Copper is important in many industries like construction, electronics, and energy, so changes in its price can signal shifts in economic activity. The current trend shows a cautious market with buyers possibly waiting for prices to drop further before buying. This situation could affect companies involved in copper mining and manufacturing, as well as investors watching commodity markets.
OnABudget takeaway: Lower copper prices could reduce costs for businesses using copper, potentially leading to cheaper products for consumers. However, investors in mining stocks should be careful as falling prices might impact profits.