RE:LME live warrants dropped by 30K to 123.4K tonsllihevad1 wrote: | Stocks | Amount |
| Opening Stock | 223175 |
| Live Warrants | 123350 |
| Cancelled Warrants | 99825 |
Even with the monthly release of 30K Ton of copper from China reserves copper stocks at LME have been dropping over the lst month...
| Stocks | Amount |
| Opening Stock | 200575 |
| Live Warrants | 82850 |
| Cancelled Warrants | 117725 |
Down to 82,850tons of available copper in LME storage...
Took a little over a week to drop 40K tons....
There have been a lot of historical games played with LME copper but with strong demand low investment during the pandemic there may not be as much wiggle room to keep copper in the shadow stock inventory...
To the moon Alice... At least keep above $4 a pound... and HBM will become a copper darling... Do not forget about the Zinc production same story in LME (not as pronounced) and price is staying around that $1.30 to $1.40 a pound...