Climate Change
ASIA COPPER WORRK-Comex copper Premium here to stay: LME executive
A senior executive at the London Metal Exchange said that the premium in copper prices on the U.S. Comex will likely persist for the next 18-months, citing uncertainty over tariffs on copper in the United States. Robin Martin, the Head of Market Development for the LME, said in a speech at the World Copper Conference Asia that there was a 2 to 3 percent premium on CME contracts. CME-LME divergence, a result of U.S. Tariffs, has led to a shift in copper stocks from LME sheds to COMEX sheds. On Monday, U.S. exchange inventories of copper exceeded 400,000 short tonnes...