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London copper prices

Copper falls on signs of slowing demand

Copper falls on signs of slowing demand

  • Copper inventories in LME warehouses have risen 67% so far in March to 123,800 tonnes, their highest since Dec. 16, 2020. Stockpiles of the metal in ShFE warehouses were last at 188,359 tonnes, a high level unseen since September 2020.
Published 29 Mar, 2021 12:04pm
London copper rises on demand view, tight mine supply
Markets

London copper rises on demand view, tight mine supply

  • Fundamentals remain healthy, especially with the supply and logistics disruptions in South America, while demand outlook looks promising based on positive macro data.
  • However, risk sentiment is definitely dampened with the rising US Treasury yield and a stronger US dollar in the short term, which definitely weighed on copper prices.
Published 17 Mar, 2021 05:19pm