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Comex copper premium here to stay, LME executive says
Copper prices on the US Comex exchange will enjoy a premium over the London Metal Exchange that is likely to persist over the next 18 months, an LME executive said on Thursday, citing uncertainties around copper tariffs in the United States. “There is a persistent premium on the CME contract of 2 to 3% and I do think it is fair to say this is likely now a structural difference in the markets that is likely to persist,” said Robin Martin, Head of Market Development at LME, delivering a speech to the World Copper Conference Asia. The divergence between CME and LME, driven by US tariffs, has drained LME inventories, ... (full story)
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- Nov 27, 2025 1:49am Posted byFundamental Analysis251
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