Copper price holds near record as London warehouse bidding war looms
LME August copper traded $370 over September, the widest one-month spread since the 2021 squeeze that forced the exchange into emergency intervention.
LME August copper traded $370 over September, the widest one-month spread since the 2021 squeeze that forced the exchange into emergency intervention.
BELLINGS Intelligence Score: 28
Why it matters
The copper price holding near record levels with an unusual one-month spread signals notable market activity in commodities, potentially affecting credit conditions in related industries, but it is not a systemic or regulatory event.
Sources
Mining.com
Copper price holds near record as London warehouse bidding war looms
LME August copper traded $370 over September, the widest one-month spread since the 2021 squeeze that forced the exchange into emergency intervention.