10 September 2024: Data on LME COTR speculative positions (for the week ending 6 September) were released this afternoon. The data showed that net positions decreased for all the base metals, except copper. Long liquidation was seen for aluminium, lead, tin and zinc. For copper, the speculative position was lifted by short covering, which is […]
September 10, 2024 - Dan Smith
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