Copper prices are eyeing fresh peaks as simultaneous pressure from the US and China tightens global buffers, according to Bloomberg Markets. The two‑way pull on supply is draining LME warehouses, prompting traders to anticipate another surge in futures contracts. Market participants point to dwindling inventory levels as the primary driver behind the upward momentum.

The depletion of LME stocks reflects a broader imbalance between rising demand and constrained production. Analysts note that the recent squeeze originates from policy‑driven import restrictions in China and robust industrial activity in the US, which together limit available copper for immediate delivery. This dual‑sided stress is accelerating the contraction of physical buffers.

As a result, futures contracts are pricing in higher volatility, with many contracts trading near historical highs. Traders are adjusting hedging strategies to account for the reduced cushion, while investors watch for potential further spikes. The ongoing squeeze suggests that copper may continue to test new price territory unless inventory levels stabilize or new supply sources emerge.

Industry watchers caution that the current dynamics could persist through the upcoming quarter, urging market participants to monitor LME inventory reports and US‑China trade signals for clues on future price trajectories.