Copper Backwardation Collapses After 20,000 Tons Hit LME Warehouses

Copper inventories surge 50%, easing LME squeeze

London Metal Exchange copper inventories have surged by more than 50% in three days, easing fears of an acute supply squeeze and sharply narrowing a key market spread. On-warrant copper... The post Copper inventories surge 50%, easing LME squeeze appeared first on The Northern Miner.

Copper Backwardation Collapses After 20,000 Tons Hit LME Warehouses

Trafigura Group and several other traders delivered more than 20,000 tons of copper into LME warehouses on Tuesday, the biggest one-day build in on-warrant stock since April, and the squeeze that had gripped the London market for the past week came apart. The cash-to-three-month spread settled at a $248-a-ton backwardation, down from as much as $545 on Monday, which was the widest since 2021. Trafigura was behind a large share of the metal place…

Copper Holds Loss as Deliveries to LME Mitigate Supply Crunch

A historic squeeze on the copper market eased somewhat after large inflows of readily available metal into the London Metal Exchange, although signs of underlying physical tightness remain.

LME Inflows Pressure Copper - Archer Financial Services

BASE METALS Copper: Copper prices on the LME eased as LME inventories continued to climb.... The post LME Inflows Pressure Copper appeared first on Archer Financial Services.

LME Inflows Pressure Copper - ADM Investor Services

BASE METALS Copper: Copper prices on the LME eased as LME inventories continued to climb.... The post LME Inflows Pressure Copper appeared first on ADM Investor Services.

Copper Prices Slide Below $14,000/t As LME Inventories Jump, Easing Supply Squeeze

BitcoinWorld Copper prices slide below $14,000/t as LME inventories jump, easing supply squeeze Copper prices on the London Metal Exchange (LME) fell sharply below $14,000 per metric ton on Tuesday, as a significant increase in on-warrant inventories eased the supply squeeze that had pushed prices to record highs earlier this month, according to ING’s commodities team. What triggered the price drop? The retreat follows a notable rise in LME on-…