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Copper Crunch Worsens as Key Spread Heads for Highest Since 2021

Spot copper prices are surging above later-dated futures on the London Metal Exchange, in a condition known as backwardation that’s a hallmark of a deepening squeeze on supply.

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BloombergLean L·2h ago
Copper Crunch Worsens as Key Spread Heads for Highest Since 2021
Spot copper prices are surging above later-dated futures on the London Metal Exchange, in a condition known as backwardation that’s a hallmark of a deepening squeeze on supply.
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Copper Crunch Worsens as Key Spread Heads for Highest Since 2021

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Copper Crunch Worsens as Key Spread Heads for Highest Since 2021

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Copper Crunch Worsens as Key Spread Heads for Highest Since 2021

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