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Copper price steady while LME stocks drop

October 8, 2021by Ruth Smart

Copper has been holding around £6.74 / kg since June but over the last couple of weeks bonded stock levels have dropped to 200 kT.

The price of future copper deliveries is increasing and heralding a prospective increase in the price of copper as global logistics remain dire, restricting the ability of copper processors to ship their products to market.