AMT LME COTR Analysis 21 May

Base Metals LME speculators

21 May 2024: COTR data on LME speculative positions (for the week ending 17 May) were released this afternoon. The data showed that bullishness returned to the complex, with net speculative positions increasing for all six metals. Furthermore, fresh longs were seen in all cases, which is a strong bullish signal. This reflects greater optimism […]

May 21, 2024 - Dan Smith

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AMT Insight – Base Metals: Russian sanctions reverberate

Copper LME Primary Aluminium Russia

25 April 2024: Base metal prices have soared in the past month, with additional sanctions on Russia combining with improving fundamentals. The LME was forced to act twice in April to impose restrictions on Russian metal deliveries and then to tighten rules around rent-sharing deals to maintain liquidity. This has created a confusing picture of […]

April 29, 2024 - Dan Smith

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