LME Copper squeeze – ING

FXStreetJun 25, 2025 8:57 AM

View all comments（0）



Copper continues to rise on the LME for a fourth day as tight supply remains in focus. , ING's commodity experts Ewa Manthey and Warren Patterson note.

Copper tightening follows a significant decline in inventories

"Contracts for immediate delivery surged to a premium of $379/t to three-month futures on Monday, although it has since eased to around $150/t."

"This level is substantially higher than the near-zero premiums seen in May 2025 and a contango of approximately $100/t at the start of the year. This tightening in the Copper market follows a significant decline in inventories, which has dropped by roughly 176kt since the start of the year, now standing at just 95kt as of Tuesday, coupled with a tight supply in the concentrate market."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Musk Announces Gifting 1 Share of SpaceX to Every US Child, SPCX Stock Rises Over 1.5%

Elon Musk announced that he will gift one share to every child in the U.S. next year, sending SpaceX's stock price surging close to $150.

Brent Crude Drops Nearly 2% as Trump Waives Some Russia Sanctions

TradingKey - International oil prices fell noticeably on Monday. Brent crude (UKOIL) futures dropped 1.90% to $107.85 per barrel, while WTI crude (USOIL) futures declined 1.57% to stand at 97.49%.

Japan, South Korea Stocks Weaken in Early Trading; Kospi Drops Over 1%, Nikkei 225 Falls Over 1.7%, SoftBank Drops Over 4%

TradingKey - On October 19, Japanese and South Korean stock markets came under renewed pressure in early trading. South Korean equities recovered some ground after opening lower, while losses in the Japanese market widened further. South Korea's KOSPI Index opened 3.17% lower at 5,488.41 points before narrowing its decline to 1.16% at 5,602.12 points. Japan's Nikkei 225 Index opened down 0.77% at 64,819.56 points and subsequently dropped 1.73% to 64,194.90 points.

The Week Ahead: Tesla, Meta and WDC Earnings Take Center Stage as US Q3 Earnings Season Enters Key Trading Window

TradingKey - In the coming week (October 19 to October 23), the US market will shift its focus from this week's inflation data to the third-quarter earnings season and economic growth data. US September CPI released this week rose 3.7% year-on-year, while PPI climbed 1.3% month-on-month, marking the largest single-month increase since March 2022. Meanwhile, September retail sales grew 0.8% month-on-month and 6.3% year-on-year, indicating that while inflationary pressures remain elevated, US consumer spending continues to demonstrate resilience.

Market Sentiment Turns Cautious Ahead of Netflix Earnings: Can NFLX Hold Key $70 Support?

TradingKey - Netflix (NFLX) will report its third-quarter 2026 financial results after the US market close on October 20. With the company's stock price currently hovering around $70 and investor sentiment turning noticeably cautious, this earnings report could serve as a critical turning point for its short-term trajectory.

Featured Tools