NewsSignals AI analysis·Reuters·
Copper falls as rising inventories cool supply worries
Grade Bbearish AI signal$XCU
Copper prices fell on Thursday as rising LME warehouse inventories eased supply concerns, with benchmark three-month copper down 0.44% to $14,293.5 per metric ton.
LME copper stocks increased for a third consecutive day, including 13,525 tons of deliveries on Wednesday, while record regional premiums and a $116.34-per-ton backwardation continued to signal tight near-term availability.
Further inventory growth could pressure copper prices, although persistent regional shortages may limit the downside.
Bullish strength: 35/100
- Regional copper premiums remain at record highs, highlighting localized supply tightness.
- LME cash-to-three-month backwardation of $116.34 per ton signals tight near-term availability.
Bearish strength: 65/100
- Copper prices fell 0.44% on the LME and 0.67% on the Shanghai Futures Exchange.
- LME copper inventories rose for three consecutive days.
- Wednesday's 13,525 tons of warehouse deliveries eased supply concerns.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.