Tag: LME copper remains range-bound amid tightening concentrate supply

Tight concentrate supply keeps copper sentiment supported Strong Chinese demand underpins copper market stability Benchmark copper prices on the London Metal Exchange (LME) remained largely unchanged in the week ended 22 May, constant at $13,550/t, as tightening supply-side fundamentals offset pressure from cautious downstream buying and macroeconomic headwinds. Supply-side fundamentals remained supportive, with copper concentrate…