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LMECopperStocksFall42DaysLongestSince2014
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#LMECopperStocksFall42DaysLongestSince2014
The record jump in copper is no longer just a sign of growth.
The shortage of copper on the London Metal Exchange has intensified, with the spot contract trading at a premium of $434 per ton over three-month futures—the highest in five years.
The spread between August and September reached $370 per ton, the largest monthly difference since the 2021 emergency intervention. Spot copper traded at around $14,500 per ton, near its all-time high, while the three-month benchmark contract rose above $14,100, up nearly 14% this year.
LME inventories fell for the forty-second consecutive day to 204,975 tonnes, the longest losing streak since 2014, with nearly half already earmarked for withdrawal.
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ManuelRD
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BNBChainToActivatePasteurHardFork
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