Copper hits record $14,273/ton as LME withdrawal request renews supply fears
Copper rose 0.4% to a record $14,273 a ton after a request to withdraw over 50,000 tons from the London Metal Exchange renewed supply fears following a recent market squeeze. Copper subsequently slipped to $14,159 as LME and Shanghai inventories punctured the immediate squeeze narrative.
Detected & updated continuously · Source: Nebula
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@itradeph
Copper rose 0.4% to a record $14,273 a ton after a request to withdraw over 50,000 tons from the London Metal Exchange renewed supply fears following a recent market squeeze. https://t.co/u8BjtUZB0X
@mynameisjoenotjeff
Copper slips to $14,159 as LME and Shanghai inventories puncture the immediate squeeze story
@mynameisjoenotjeff
Copper slips to $14,159 as LME and Shanghai inventories puncture the immediate squeeze story