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Copper prices are due to extend their decline next year from record levels touched in 2021 as mine supply ramps up and economic growth tapers in top market China, a Reuters poll found.
WHAT happens when the London Metal Exchange (LME) runs out of metal? That’s the question the exchange is urgently trying to address for its flagship copper contract, which sets the global price for one of the world’s most important commodities. The problem stems from the LME’s physical nature: anyone holding…
That’s the question the exchange is urgently trying to address for its flagship copper contract, which sets the global price for one of the world’s most important commodities.
Traders are paying huge premiums for quickly deliverable copper after stockpiles in the LME warehouse system tumbled to their lowest level in decades.
Copper prices continued to rally towards record highs on Monday as signs of extremely tight supply outweighed concern that slowing growth in top consumer China will impact demand. Traders were paying huge premiums for quickly deliverable copper after stockpiles in the London Metal Exchange’s (LME) warehouse system tumbled to their lowest level in decades. Benchmark ...