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London Metal Exchange sees largest weekly copper inflow since 2020, breaking 42-day drought

LME copper warehouses received over 35,000 tonnes in a week, breaking a 42-day drawdown streak as Trafigura deliveries eased a historic supply

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LME copper warehouses received over 35,000 tonnes in a week, breaking a 42-day drawdown streak as Trafigura deliveries eased a historic supply

Trafigura and other traders delivered metal to LME warehouses, collapsing copper’s backwardation to $248 from $545 as the historic squeeze cracked.