Copper Hits Record in China and Jumps in New York as Tariff Uncertainty Fuels a 2026 Supply Squeeze — and a “Phantom Deficit” Debate
December 26, 2025 — Copper closed out the post‑holiday week with a fresh surge that underscores just how unusual—and how politically sensitive—the global metals market has become. Prices pushed to all‑time highs in Shanghai and jumped again in New York,
