Copper Near Record Highs Faces Supply Risks, Commerzbank Says
Commerzbank notes LME copper is near record highs with an unusually large cash-3-month spread, driven by falling LME stocks and tariff-related pre-emptive buying.
LME copper prices are close to record highs, according to Commerzbank commodity analyst Barbara Lambrecht.
The cash-to-three-month spread is unusually large, reflecting falling LME inventories and tariff-related pre-emptive buying. That points to tight nearby supply conditions even as the rally raises supply risks.
Source: FXStreet Forex News