People want physical copper delivery!Cancelled Warrants are people planning to take metal out of the LME. They are climbing, now about 40% of all inventory. People want physical copper, and they want it now!
LME COPPER OFFICIAL OPENING STOCKS IN TONNES
STOCKS | AMOUNT |
Opening Stock | 75700 |
Live Warrants | 46450 |
Cancelled Warrants | 29250 |