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Copper Holds Loss as Deliveries to LME Mitigate Supply Crunch
Copper recorded a loss, marking its largest decline in over three weeks. This movement followed significant deliveries of the metal made by traders into London Metal Exchange warehouses. These deliveries helped to ease a previously historic supply crunch.
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Adjacent reporting
- Supply Crunch Grips Copper Market as Key Spread Flares Out
- Copper Heads for Record Close in London on Tighter Global Market
- Copper Retreats From Record Close as Purchases in China Slow
- Copper Holds Losses as Dollar and Hawkish Fed Pressure Metals
- Copper Heads Toward Record High on LME as Supply Tensions Build
- Copper Market Moves: Miners Rally as Futures Slip