🏭📊 Why Are Copper Inventories Shrinking?
A 42-day decline in LME copper stocks is putting the physical supply market under the spotlight. Earlier data also showed LME inventories falling sharply while Chinese copper imports reached a nine-month high, suggesting strong demand is contributing to tighter available supplies.
That makes copper an important macro indicator alongside major spot assets such as $BTC, $BNB and $ETH.
#lmecopperstocksfall42dayslongestsince2014
A 42-day decline in LME copper stocks is putting the physical supply market under the spotlight. Earlier data also showed LME inventories falling sharply while Chinese copper imports reached a nine-month high, suggesting strong demand is contributing to tighter available supplies.
That makes copper an important macro indicator alongside major spot assets such as $BTC, $BNB and $ETH.
#lmecopperstocksfall42dayslongestsince2014