Copper prices are down 0.18% to 878.3. Investors are a little scared due to the conflict between Israel and Iran and the unclear supply-demand situation. However, prices are somewhat stable due to the low availability of copper worldwide. LME (London Metal Exchange) copper stocks are at 107,350 tons. This is 60% lower than in March…
For the first time since March 2022, copper stocks in COMEX warehouses are now higher than those on the London Metal Exchange (LME). The change is due to strong US demand and higher prices for copper in the US compared to other regions. Although LME copper stocks fell 37% to 164,725 metric tons due to…
Due to a large volume of warehouse supplies authorized by the London Metal Exchange (LME), copper prices closed yesterday at 847.85, slightly lower by -0.24%. The Shanghai Futures Exchange is tracking inventories, and while they decreased last week, they are still high at 322,910 tonnes, indicating persistent supply issues. On the other hand, imports from…
The biggest user of copper, China, had poor demand, which contributed to the substantial decline in copper prices, which ended at 863.5, down -1.89%. A recovery in the dollar from its mid-March lows was prompted by soft U.S. economic data, which increased hopes for an early rate drop by the Federal Reserve. Adding insult to…
