Tag: LME copper remains firm as global inventories tighten

Chile records weakest Q2 copper output in 19 years Rising concentration of exchange stocks in US tightens global supply LME copper remained firm in the week ended 31 July, with the three-month contract hovering in the $13,700-13,800/t range as tightening physical fundamentals underpinned prices, while renewed Middle East tensions added support through higher freight cost…