Study shows that US has enough raw copper to meet domestic demand and can meet 146% of annual demand using raw copper from overseas and domestic mines and from scrap, while China 40% of its demand, according to Benchmark Mineral Intelligence cited by FT

This study suggesting that the U.S.

Newsquawk StaffPublished 18 Feb 2026, 05:33 UTCOn the live feed at 05:13 UTC, 20 minutes before this page

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Newsquawk Daily European Opening News - 18th February 2026

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ECB says that Lagarde remains committed to her role and has not made a decision on her departure

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Study shows that US has enough raw copper to meet domestic demand and can meet 146% of annual demand using raw copper from overseas and domestic mines and from scrap, while China 40% of its demand, according to Benchmark Mineral Intelligence cited by FT

05:10

UK financial regulator plans to cut up to GBP 1bln from the compensation owed by carmakers over their in-house lenders’ involvement in a motor finance mis-selling scandal, according to FT

05:04

ECB President Lagarde is expected to leave the ECB, before her eight-year term ends in October 2027, according to FT citing a person familiar with her thinking

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Context

can meet 146% of its annual copper demand has significant implications for the copper market, particularly in terms of supply confidence. In contrast, China's ability to only meet 40% of its demand highlights its vulnerability in the copper supply chain, which may drive demand for U.S. exports and influence pricing dynamics. Overall, this could affect inflation expectations and the broader commodities landscape, especially if demand from China shifts production focus towards alternative sourcing options.

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