Copper Backwardation Collapses After 20,000 Tons Hit LME Warehouses | HappeningNow.news

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Copper Backwardation Collapses After 20,000 Tons Hit LME Warehouses

What I Cover My focus spans the global energy landscape and the technologies reshaping it, specifically focusing on oil and gas, renewabl…

Source OilPrice Story Brief Updated 2h 00m ago
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What I Cover My focus spans the global energy landscape and the technologies reshaping it, specifically focusing on oil and gas, renewables, and tech-driven market… Trafigura Group and several other traders delivered more than 20,000 tons of copper into LME warehouses on Tuesday, the biggest one-day build in on-warrant stock since April, and the squeeze that had gripped the London market for the past week came apart.

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