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Copper: inventories in warehouses are getting low
The problem stems from the physical nature of the LME: anyone who holds a contract to maturity becomes the owner of a package of metal in an LME warehouse. On the other hand, anyone who has sold one has to deliver the metal when the contract expires. But with copper...
Magnesium: global shortage could cripple automotive industry
The world's leading carmakers are facing a disruption in global supplies of magnesium as China's energy crisis threatens the availability of the key component used to make aluminium. European magnesium stocks have been particularly hard hit by the lack of supplies...
Copper: price adjusts on China’s pledge to reduce coal prices
The price of copper fell on Tuesday as China's pledge to reduce coal prices eased concerns over a metal supply disruption. The copper cash contract on the London Metal Exchange fell 7.2% overnight, erasing Monday's gains. The Chinese National Development and Reform...
Copper: prices continue to rise
Copper prices continued their climb as signs of extremely tight supply outweighed concerns that slowing growth in China will impact demand. Traders were paying huge premiums for copper with immediate delivery after stocks in the London Metal Exchange (LME) warehouse...