Share of China-made copper in LME stocks grows on higher exports
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Copper Prices Hit Record High on LME Amid Global Supply Strain 𝗖𝗼𝗽𝗽𝗲𝗿 𝗼𝗻 𝘁𝗵𝗲 𝗟𝗠𝗘 𝗵𝗮𝘀 𝗿𝗲𝗮𝗰𝗵𝗲𝗱 𝗮 𝗻𝗲𝘄 𝗿𝗲𝗰𝗼𝗿𝗱 𝗵𝗶𝗴𝗵, surpassing $𝟭𝟭,𝟮𝟬𝟬 𝗽𝗲𝗿 𝘁𝗼𝗻.Key drivers behind the surge include:• Weaker US dollar• Reduced output from major producer Chile• Planned production cuts by Chinese smeltersThese supply pressures highlight ongoing fragility in the global metals market, with potential implications for manufacturing, EVs, and construction sectors.#Finance #Com
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Copper Prices Hit Record High on LME Amid Global Supply Strain 𝗖𝗼𝗽𝗽𝗲𝗿 𝗼𝗻 𝘁𝗵𝗲 𝗟𝗠𝗘 …
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