The LME price of copper continues to drift downwards while LME bonded copper stocks marginally increased to £187 kT. Difficult to know the impact of the Hamas / Israel conflict on the price of copper. I hope that peace makers prevail and that diplomacy takes over before the conflict escalates and spreads to other counties....
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Over the last month the price of copper has increased and stocks fallen as USA avoids recession while producers struggle with drought conditions. Will ongoing climate issues and COVID restrictions continue to hold back China ? Will Europe tip into recession as a consequence of Russia’s invasion of Ukraine ? Will suppliers be able to...
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The recent fall in the price of copper surprised me, it’s dropped back to where it was in October 2021, while bonded stock level remains steady. It appears that traders don’t want to be caught holding stock as the world goes into a global recession caused by the recent jump in fuel prices and war...
The LME price of copper has edged higher over the last few weeks to GBP 7.85 / kg while bonded stocks have recovered to 105 kT. Falling consumer demand due to the recent jump in energy prices and the ongoing Covid issues in China have reduced demand while producers have been able to increase supply....
Our comprehensive range of grade 316 stainless steel braid earth straps have been added to our webshop The web shop enables you to specify the length that you want, up to two metres and select the hole size at each end up to the maximum allowed for each size of braid.
Our web shop now includes the option to add Green / Yellow insulation to online orders for our Earth Straps and Earth Bonds
The LME has succeeded at bringing stability to the price of copper, but how long will that be maintained as stock levels continue to drop ? To what extent is the demand for and price of copper being driven by the Climate summit in the next couple of weeks ? Will there be trillions of...
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...
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