LME Week, the biggest gathering of the metals industry, brought a cautiously upbeat tone to metals markets this year. While macro uncertainty, particularly around China-US trade negotiations, continues to cloud near-term demand, participants broadly see a turning point as physical tightness and supply disruptions come into focus. The mood on metals has been positive in recent weeks, with copper trading near all-time highs and other metals also rising. A supportive macro backdrop, falling US dollar, rate cuts and low inventories have lifted metals prices. Copper is the standout performer in the base metals complex. ... (full story)