London Metal Exchange
Coverage of London Metal Exchange in the Nexus archive.
- Supply Crunch Grips Copper Market as Key Spread Flares Out
Copper faced turbulent trading after a key indicator of short-term supply tightness spiked on the London Metal Exchange. The spike suggests continued concerns regarding the copper market's supply availability.
- Copper Heads Toward Record High on LME as Supply Tensions Build
Copper extended a seven-week rally and is heading toward record highs. This increase reflects a widening key price spread on the London Metal Exchange, which signals rising competition for short-term supply.
- Copper Crunch Worsens as Key Spread Heads for Highest Since 2021
Copper spot prices are currently surging above later-dated futures, a condition known as backwardation. This situation was observed on the London Metal Exchange and is described as a hallmark of a deepening squeeze on supply.
- Copper Holds Losses as Dollar and Hawkish Fed Pressure Metals
Copper held losses amid pressure from the dollar and a hawkish Federal Reserve, but was slightly higher on the London Metal Exchange.
- LME to Launch Steel Futures Giving Access to Shanghai Prices
The London Metal Exchange (LME) will launch steel futures contracts that provide access to Shanghai prices. The new futures will include stainless steel coils as a key product.
- Base Metals Advance as US Touts Progress Toward Iran Peace Deal
Base metals advanced due to U.S. progress toward an Iran peace deal, while copper prices retreated amid rising London Metal Exchange inventories in Asia and risks from potential U.S. import tariffs.
- Trafigura Withdraws Huge Volumes of Copper From LME Warehouses
Trafigura has withdrawn significant volumes of copper from London Metal Exchange warehouses, indicating potential market movements in the copper market. This withdrawal suggests either strong demand or strategic positioning by the major commodities trading firm.
- Copper Climbs Toward Record High as Global Supply Tightens
Copper prices are rising towards a record high due to tightening global supply. This increase is driven by strong demand and limited production capacity. The copper market is experiencing a significant shortage.
- Copper Rallies Above $14,000 a Ton, Nearing Fresh All-Time High
Copper prices have rallied above $14,000 a ton, nearing a fresh all-time high. This surge in price indicates a significant increase in demand or decrease in supply. The rally is likely driven by market trends and economic factors.