Copper advances for sixth day toward record on tight supplies

Copper: Copper is an industrial metal traded globally and used widely in electrical equipment, construction, manufacturing, and clean-energy infrastructure. In the reported event, copper prices advanced toward a record as declining Chinese inventories and increased pre-holiday physical buying indicated tighter near-term supply conditions. China inventories: Recent market data showed copper inventories across major Chinese regions continuing to decline and remaining well below the comparable level a year earlier. Pre-holiday demand: Chinese downstream users began stocking copper ahead of the Mid-Autumn Festival and National Day holidays, supporting a recovery in spot-market purchasing. Physical-market tightness: Falling inventories and firmer spot premiums in Shanghai indicated that the rally was being supported by physical supply tightness rather than futures-market positioning alone.