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Copper surged to a record high on the London Metal Exchange as fears of US tariffs and tight supply drove a scramble for stockpiles, boosting mining stocks.
Copper maintained its recent losses after significant deliveries of the metal to London Metal Exchange warehouses helped alleviate a historic supply squeeze.
Spot copper prices are surging on the London Metal Exchange, with a condition known as backwardation indicating a deepening squeeze on supply, pushing spreads to their highest since 2021.
Kutch Copper, a subsidiary of Adani Enterprises, has secured registration with the London Metal Exchange for its 'Adani Copper' Grade A cathodes, marking a key milestone for its global market entry.
Sources indicate that Trafigura intends to withdraw its copper stocks from the London Metal Exchange in anticipation of a forthcoming US tariff ruling.
The London Metal Exchange (LME) anticipates that metal stored in Hong Kong sheds will increase to hundreds of thousands of tons.
The London Metal Exchange (LME) announced a partial disruption in electronic trading for copper, aluminum, zinc, and tin on Monday, attributing the issue to a 'technical fault'.
London Metal Exchange Working to Fix Issue After Trading Halted Bloomberg.com
Elliott claims the LME's handling of the historic nickel trading disruption violated UK competition rules, filing a new legal action against the commodities exchange.
The copper market is experiencing turbulent trading due to a supply crunch, evidenced by a significant spike in a key short-term indicator on the London Metal Exchange.
Copper futures are at risk of another price spike as inventories on the London Metal Exchange are being depleted by demand from the US and China.
HSBC has issued a warning about a potential commodity 'super-squeeze,' while Goldman Sachs has raised its copper forecasts, pushing the metal closer to its mid-May all-time high on the London Metal Exchange.
Copper prices have seen an increase, supported by a reduction in stockpiles at the London Metal Exchange (LME).
A trader at Mercuria, known for accumulating significant aluminum bets on the London Metal Exchange, has reportedly left the company.
Trading on the London Metal Exchange was suspended due to a technical outage during a period of high volatility in commodity prices, reportedly caused by concerns related to the Iran war. This halt has disrupted various metals markets, including aluminum and zinc.
Copper prices on the London Metal Exchange are experiencing a consecutive rise, with experts attributing the gains to the confusion surrounding the Trump administration's trade policy and tariff changes.
London Metal Exchange copper prices remain above $14,200 per tonne, while ANZ forecasts record highs as ongoing trade tariff disputes continue to disrupt global commodity markets.
Copper prices are surging towards near-record highs on the London Metal Exchange (LME) due to building supply tensions. This rise has also led to significant jumps in the stock prices of cable and wire companies.
Copper futures on the London Metal Exchange have topped $14,000 a ton, driven by increased US stockpiling and anticipation of potential tariffs from the Trump administration, suggesting further price increases may be imminent.
Trafigura, a major commodities trader, has reportedly withdrawn significant volumes of copper from warehouses registered with the London Metal Exchange.
Nickel prices on the London Metal Exchange surged by as much as 2.6% to $19,050 a ton following reports that Indonesia is cutting upwards of 15% of its high-grade nickel pig iron capacity.
Aluminum prices on the London Metal Exchange dropped by over 8%, marking the largest single-day decline since 2018.
Electronic trading on the London Metal Exchange (LME) experienced a technical halt, disrupting market activities.
The London Metal Exchange has confirmed permanent restrictions on large-position holders following a consultation.