Base Metals Fall Amid Rising Copper Stockpiles, Aluminum Tariff Report -- Market Talk

Dow Jones
Feb 16

0955 GMT - Copper prices fall as stockpiles continue to build, with futures on the London Metal Exchange down 0.5% to $12,867 a metric ton. Readily available inventory in LME warehouses rose at the fastest pace since July, pushing combined exchange stockpiles in Shanghai, London, and New York past 1 million metric tons on Friday. Meanwhile, aluminum falls 0.3% to $3,082 a ton after a report last week that the U.S. administration is planning to scale back some tariffs on the metal. However, the broader market fundamentals remain largely unchanged. "Global aluminum supply remains tight, inventories thin, speculative positioning elevated, and regional markets increasingly fragmented by policy risk," ING analysts say. (giulia.petroni@wsj.com)

 

(END) Dow Jones Newswires

February 16, 2026 04:55 ET (09:55 GMT)

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