ANDY HOME: Copper squeezed in the US, but China has plenty
Weak spot demand, robust imports and rising domestic output have kept China’s exchange inventories high
23 May 2024 - 05:00
London — The London Metal Exchange (LME) copper price hit a record nominal high of $11,104.50 per tonne on Monday.
The London market is playing catch-up with its US peer CME Group, where a vicious short squeeze has been playing out on the Comex contract...
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