-
Copper softer on thin volumes with focus on higher inventories
Copper prices softened on Monday due to a firmer dollar and as the market focused on rising inventories and weak demand prospects in holiday-thinned trading volumes. China’s Lunar New Year holiday this week and a public holiday in the United States mean low volumes and possibly volatile moves due to settlement or rollover of maturing contracts on the London Metal Exchange on Wednesday, traders said. Benchmark copper on the LME was down 0.1% at $12,870 a metric ton at 1054 GMT. It has dropped more than 10% since hitting a record high $14,527.50 a ton two weeks ago. “With many Asian desks sidelined, liquidity will ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From brecorder.com | Feb 16, 2026
London copper eased on Monday, while aluminium extended losses for a third straight session as thin trade, with China out for a holiday, weighed on prices. The Shanghai Futures Exchange is closed for the Lunar New Year holiday that began on February 15 and trading will resume on February 24. The benchmark three-month copper on the London Metal Exchange, ...
U.S. President Donald Trump said he would support Israeli strikes on Iran's ballistic missile program if negotiations between Washington and Tehran fail, U.S. media reported on Sunday. Trump made the remarks when he met with Israeli Prime Minister Benjamin Netanyahu at Mar-a-Lago in Florida in December, according to a CBS News report, citing two sources ...
From miningweekly.com | Feb 15, 2026
Copper stocks on the world's three biggest metal exchanges have exceeded one-million metric tons for the first time in more than two decades, as an inventory build due to soft demand in China adds to recent stockpiling in the United States. Combined copper stocks on the US Comex exchange HG-STX-COMEX, London Metal Exchange and the Shanghai Futures Exchange ...
