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Speculative frenzy propels copper to records above $11,000/T

Copper surged to record highs on Monday as a recent rally triggered by short position covering created momentum for speculators and funds to bet on higher prices of the metal, used in the power and. -May 20, 2024 at 06:06 am EDT - MarketScreener

Copper's record run at risk as US shipments calm speculator frenzy

Copper's lightning rally to record highs may not be sustainable in the coming weeks, with action concentrated on the shipment of material to cover exposed short positions in the U.S. Comex futures market rather than tepid demand in top consumer China. Prices on the CME Group's Comex hit a record last week, while benchmark copper on the London Metal Exchange (LME) rocketed on Monday to an all-time peak of $11,104.50 a metric ton, having surged 28% so far this year.

Copper's Record Run at Risk as US Shipments Calm Speculator Frenzy

Trafigura, IXM caught in COMEX copper short squeeze as prices hit record

LME aluminium stocks climb, traders look to take delivery for Europe | Hellenic Shipping News Worldwide