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Copper price surge signals strain, but no acute shortage yet
The copper market is flashing warning signs of scarcity with spot prices on the London Metal Exchange trading well above the futures. The cost of purchasing copper on Tuesday is higher than the futures contracts of the commodity. The premium on the most active 3-month contract has reached its widest point since 2021. “The reason for this continues to be strong import demand from the US, which threatens to deplete the LME and SHFE warehouses,” Thu Lan Nguyen, head of FX and commodity research at Commerzbank AG, said in a report. Investors active on these exchanges face a problem, having hedged against copper price ... (full story)
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- Jul 1, 2025 2:55pm Posted byFundamental Analysis240
