Copper Drops as LME Trading Pause Concludes a Chaotic Week for Metals
Copper Prices Drop After Unusual Trading Week (Bloomberg) — Copper prices dropped from a peak, wrapping up a hectic week for the metal characterized by intense trading, significant gains, and a delay at the London Metal Exchange (LME). The LME, the largest metals exchange globally, opened at 10 a.m. Hong Kong time on Friday after […]
Copper investors’ LME Week celebration overshadowed by Trump’s threats to China
A bronze bull statue in Shanghai. Stock image. Traders landing in London late last week for a key event in the copper market felt optimistic as prices approached record highs. Then came announcements shaking things up. On Friday, prices dropped nearly 5% after President Trump threatened significant import tariffs on Chinese products, effectively dampening a […]
Trafigura takes zinc out of LME warehouses, with some destined for shipment to the US, sources report.
Zinc Shipments from Trafigura and Market Impacts LONDON/BEIJING – Trafigura, a merchandise trader, is reportedly collecting significant amounts of zinc from a London Metal Exchange-approved warehouse situated in Singapore and sending portions of it to the United States, according to sources close to the matter. The exact quantity of zinc already delivered from these warehouses […]