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

Why Are Nasdaq and S&P 500 Futures Weak Pre-Market? Nvidia, Apple, Intel, CRWD and Other Stocks in Focus

TradingKey - In pre-market trading on August 31 ET, US stock index futures traded lower. As of press time, Nasdaq futures were down 0.21%, while S&P 500 futures and Dow futures fell by approximately 0.26% and 0.23%, respectively.

Gold Price Forecast: Can Gold Keep Rising as Fed Rate Hike Expectations Heat Up and US-Iran Conflict Escalates?

TradingKey - As of the Asian session on August 31, gold prices (XAUUSD) extended Friday's decline, briefly dipping below $4,400 intraday to hit a low of $4,396.36. Last Friday, gold closed down more than 3% as hawkish remarks from Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium significantly boosted expectations for a September rate hike. Meanwhile, the escalation of the US-Iran military conflict over the weekend and rising international oil prices have further heightened inflation concerns, placing heavy pressure on gold's upward trajectory. However, technical analysis suggests that gold still has potential for upside gains.

Gold Price Forecast: Ahead of Warsh's Jackson Hole Speech, Is Gold's Next Target $4,500 or $4,700?

TradingKey - As of the Asian session on August 28, gold prices (XAUUSD) were trading near $4,580 with a downward tilt. Gold had previously approached $4,700, but with U.S. inflation remaining elevated and several Federal Reserve officials delivering hawkish signals at the Jackson Hole symposium, market participants reduced long gold positions ahead of a speech by Fed Chair Kevin Warsh, causing gold prices to pull back from their highs.

Bitcoin Price Prediction: BTC Breaks $80,000 Mark, What Does It Mean?

If Bitcoin holds firmly above $80,000, it suggests a strong market risk appetite has been established. Capital is expected to follow the rotation path and spread toward major Layer-1 public chains such as Ethereum (ETH), Solana (SOL), and XRP (XRP), while also signaling a shift in technical resistance levels.

SpaceX Stock Forecast: After a 19% IPO Surge, Can SPCX Keep Climbing Before Earnings?

SpaceX SPCX at $171.91, clearing Fib 0.236 at $170.19 after a +19.2% debut close at $160.95. IPO closes June 15. First earnings September 2, 2026. 18,712 BTC in treasury. MSCI inclusion T+1. Fib target $183.96.

Featured Tools