LME copper prices at 9-year high
Green Car Congress
FEBRUARY 20, 2021
On 19 February, LME cash prices for copper hit a nine-year peak of US$8,806.50/t. This is the highest level since 1 May 2012 when copper traded at US$8,528/t. Total visible copper stocks (LME + COMEX + SHFE + Chinese bonded warehouses) amounted to just 560kt at the end of January, noted critical materials supply chain intelligence company Roskill—only 11kt more than the lowest recent stock level of 549kt in December 2019.
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