Tag: physical copper market

LME copper gains as inventories sink to four-month low

Jul 17, 2026

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by

Devanshu Agrawal

in Copper, Non Ferrous

Peru copper output growth offsets weaker Chilean mine production LME copper inventories fall over 20% since end-May LME copper prices remained firm during the week, rising from around $13,450/t to approximately $13,600/t on 16 July 2026, up 1.1% w-o-w. The gains were supported by a weaker US dollar, continued tightening in physical supply, and ongoing…