Copper softer on thin volumes with focus on higher inventories | Metals Mine

  • Copper softer on thin volumes with focus on higher inventories

    From brecorder.com

    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)

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    From steelnews.biz|Feb 16, 2026

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