Spot copper is rising to levels above later-dated LME futures, putting the market into backwardation—typically a sign of a tightening physical supply squeeze. The divergence suggests near-term scarcities are worsening, which could support further upside in copper prices as traders position for continued shortness.
Spot copper is rising to levels above later-dated LME futures, putting the market into backwardation—typically a sign of a tightening physical supply squeeze. The divergence suggests near-term scarcities are worsening, which could support further upside in copper prices as traders position for continued shortness.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.15
Ticker Sentiment
