LME copper inventories fell by 22% to a six-month low.

Copper stocks in the London Metal Exchange-registered warehouses continue to flow towards the United States, with available inventory decreasing by 22% to the lowest level in six months, according to LME data on Tuesday. The data shows that LME deliverable copper stocks have dropped to 89,725 metric tons, a significant decrease from the previous day's 115,150 metric tons, reaching the lowest level since July 10 last year. This decline occurred after traders notified the LME of plans to withdraw 30,200 tons of copper, with most of them coming from LME warehouses in South Korea and Taiwan. As the market anticipates the possibility of the United States imposing tariffs on refined copper later this year, traders continue to move copper stocks from LME warehouses to the United States. The premium on copper prices in the United States has attracted a large influx of copper. At the same time, copper stocks in US COMEX warehouses have surged by 444% in the past 12 months, reaching 520,441 short tons.