Tag: copper contango shift

LME stocks up, mine output rises in key regions Expectations of short-term oversupply increase Copper prices eased last week on the London Metal Exchange (LME), with the 3-month contract hovering at around $9,730/tonne (t), down 2% w-o-w, due to a mix of macroeconomic uncertainty, speculative shifts, and changing market fundamentals. Over 30 June-4 July 2025,…