23 July 2024: Data on LME COTR speculative positions (for the week ending 19 July) were released this afternoon. The data show that speculators turned aggressively bearish, with net positions falling for all the six base metals. In most cases, long liquidation combined with fresh shorts to drive positions lower. Nickel was slightly less bearish, […]
July 23, 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