Flash Copper Price Squeeze Helps Upend Global Trade Flows.

The global copper market has experienced a significant shift due to a short squeeze, resulting in China exporting record amounts of copper while the US has seen a surge in imports. In July alone, the US imported about 91,000 tons of copper, the third-largest monthly amount in the last decade. This market distortion has surprised traders and investors, leading to a decrease in copper prices worldwide. It remains uncertain if China's export surge will continue, but more metal is expected to be shipped to the US and other Asian ports outside of China. [Extracted from the article]