LME copper price shrugs off 100,000-tonne delivery

By Alice Mason / January 26, 2018 / www.metalbulletin.com / Article Link

Copper prices remained resilient this week despite deliveries into London Metal Exchange sheds that totaled more than 100,000 tonnes - and do not necessarily reflect changes in supply-demand fundamentals, market participants said.

On Tuesday January 23, more than 36,000 tonnes of the red metal hit LME sheds, mainly Busan warehouses; subsequent deliveries moved copper into Singapore, Rotterdam and New Orleans warehouses. As of Friday January 26, on-warrant stocks had increased by 62% since Monday January 22, to stand at 258,675 tonnes - the highest since October 2016. "We are already used to these occasional, huge deliveries into LME sheds. Last year, there were at least four spikes that we had [of] over 50,000 tonnes of delivery within a few days....

Recent News

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok