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All eyes on China as LME copper spreads collapse – MINING.COM – MINING.com
Bears and bulls are waiting to see what happens next to LME stock levels, which means that right now everyone’s looking at China,…
The LME cash premium, which rocketed to an unprecedented $1,103.50 per tonne prior to the intervention, was valued at just $15.50 at Tuesday’s close.
[Click here for an interactive chart of copper prices]
The cost of an overnight short position roll, which…
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