Copper price steady as Stocks fall to 110 kT

August 18, 2020by Ruth Smart

The price of copper has stayed stable as the global economy suffers from coronovirus outbreaks but more concerning is the fall in LME stock levels to the lowest in over a decade.

In normal times this would be the cause of a panic and wild speculation but these are not normal times.

How quickly will producers be able to increase supply under Covid-19 restrictions ?

The lower the stock levels the greater the risk of localised stock shortages. Where is most vulnerable and when would stock shortages cause shutdowns ?