LME base metals prices except #aluminium down over week but movement minimal https://t.co/BWOJ1gtJZS
Copper registers strongest seasonal Shanghai stocks build https://t.co/gVUPu7EkUS
#copper market is very interesting at the moment. It is clear to expert metal market participants that a major bull market is almost inevitable from a supply side, but the copper price is yet to react. What is going on?


Copper prices have surged to an 11-month high as industrial metals rally, supported by a weaker dollar and increased buying activity to cover short positions. LME inventories show fluctuations with copper, aluminum, nickel, zinc, lead, and tin. Shanghai Futures Exchange sees nickel and tin prices affected by Indonesia's mining quota approval process. US Fed's stance on rate cuts influences LME base metals prices. China's silver T+D contracts, aluminum, zinc, nickel, copper, INE crude oil, and iron ore experience price changes. SHFE warehouse updates reveal changes in copper, aluminum, zinc, lead, nickel, tin, and rubber inventories. Despite positive US interest rate signals, LME base metals end the week down, with Shanghai Futures Exchange base metal prices also falling.