Tag
LME
3 articles
Copper Breaks Below $14K as LME Supply Squeeze Unwinds
A 20,025-tonne jump in exchange inventories eases physical tightness; cash/3M spread compresses to $248 as speculators cut longs.
Copper Holds $39+ as LME Backwardation Shows Structural Floor
CPER settled at $39.39 on Aug. 19 as LME tom-next spread surged to $75/ton premium, rewarding nearby holders despite Chinese demand concerns.
LME Copper Spread Hits Highest Level Since 2021 Squeeze
The Tom/next spread briefly reached $100 a ton Wednesday as long holders sitting on 130,000 tons of Jan. contracts pushed spot prices sharply above deferred futures.