LME copper stocks down 975 ton on Aug 26 from previous day

LME:库存:铜 stocks decreased by 975 tonnes to 155,000 tonnes on 2025/08/26. In the most recent week, cumulative LME:库存:铜 stocks declined by 150 tonnes, a decrease of 0.10%. In the last month, cumulative LME:库存:铜 stocks increased by 26,525 tonnes, a rise of 20.65%. Historical data reveals that since August 30, 2022, LME:库存:铜 inventory has fluctuated between a high of 322,950 tonnes and a low of 51,775 tonnes. The average value has been 157,291.40 tonnes. The current inventory (155,000 tonnes) is 1.48% lower than the average.

Copper futures climbed above $4.45 per pound on Monday, marking the fourth consecutive session of gains, as expectations of US Federal Reserve rate cuts fueled a broader rally in risk assets [1]. The gains followed Fed Chair Jerome Powell’s Jackson Hole speech on Friday, where he signaled that the central bank is likely to ease policy at its next meeting. Powell emphasized that while unemployment remains low, risks to the labor market are building, indicating that adjustments may soon be warranted. Markets are now pricing in an 87% probability of a 25 basis point rate cut in September, up from about 75% at some point last week [1].

Copper prices also found support from supply concerns after a US federal appeals court temporarily blocked a land transfer essential for Rio Tinto and BHP to move ahead with what could become one of the country’s largest copper mines [1]. This temporary setback may lead to further supply constraints, bolstering copper prices.

On August 25, 2025, copper reached 4.48 USD/Lbs, up 0.63% from the previous day. Over the past month, copper's price has fallen 19.93%, but it is still 6.19% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, copper reached an all-time high of $5.94 in July of 2025 [1]. Copper is expected to trade at $4.59 USD/LB by the end of this quarter, according to Trading Economics global macro models and analysts' expectations. Looking forward, it is estimated to trade at $5.02 in 12 months' time [1].

The London Metal Exchange (LME) copper stocks decreased by 975 tonnes to 155,000 tonnes on August 26, 2025. In the most recent week, cumulative LME copper stocks declined by 150 tonnes, a decrease of 0.10%. In the last month, cumulative LME copper stocks increased by 26,525 tonnes, a rise of 20.65%. Since August 30, 2022, LME copper inventory has fluctuated between a high of 322,950 tonnes and a low of 51,775 tonnes, with an average value of 157,291.40 tonnes. The current inventory (155,000 tonnes) is 1.48% lower than the average [2].

References:
[1] https://tradingeconomics.com/commodity/copper
[2] https://www.marketscreener.com/news/mac-copper-limited-reports-earnings-results-for-the-half-year-ended-june-30-2025-ce7c50dbde88f721