Copper inventories are nearing critically low levels | Metals Mine

  • Copper inventories are nearing critically low levels

    From fxstreet.com

    "The market has been wrong-footed by Liberation day; expecting a sharp slowdown in demand, whereas our proprietary real-time estimates point to no evidence of a slowdown in commodity demand growth. Meanwhile, the threat of section 232 tariffs on Copper has been sucking Copper inventories from the rest-of-world, at the same time as Chinese stockpiling has further sapped inventories from the world." "Now, as LME inventories have reached critically low levels, timespreads have blown out, which should incentivize metal to flow back into the system. Curiously, expectations of Chinese Copper exports have emerged over ... (full story)

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