Copper Holds Loss as Deliveries to LME Mitigate Supply Crunch

Copper posted its biggest loss in more than three weeks after traders made significant deliveries into London Metal Exchange (LME) warehouses, easing a historic squeeze. The release of tight supply conditions likely reduced near-term price pressure, keeping sentiment cautious for copper buyers.

Analysis

Copper posted its biggest loss in more than three weeks after traders made significant deliveries into London Metal Exchange (LME) warehouses, easing a historic squeeze. The release of tight supply conditions likely reduced near-term price pressure, keeping sentiment cautious for copper buyers.