Prices struggling amid signs of comfortable supply This may well have been the result of a warehouse deal. There were four instances of large stock increases last year and the market got used to them. Last year, the amount of stock in LME warehouses averaged 271,244 tonnes and the range was 182,425-354,650 tonnes. So back at...
While zinc and nickel prices are extending their gains, copper is trading sideways. That said, it has held up well above $7,000 per tonne in the face of another sudden bout of LME stock inflow; 101,725 tonnes were delivered into warehouses over a four day period last week.
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