In recent days, the London Metal Exchange is showing signs of emerging copper deficit. This is indicated by a surge in premiums on contracts of the metal with immediate delivery compared to contracts for a later date.

2 July 2025

Sharp rise in copper prices doesn't indicate supply shortage risks

Weak Australian retail sales boost chances of RBA rate cut — Reuters

According to Reuters, Australian retail sales growth remained nearly flat in May, marking the fourth consecutive month of sluggish performance. While clothing purchases increased, they were offset by a decline in food sales.

2 July 2025

Weak Australian retail sales boost chances of RBA rate cut — Reuters

United States. Total Vehicle Sales. The value of the indicator has decreased from 15.65M to 15.3M

A decrease of the indicator value may contribute to the fall in quotes of Gasoline, WTI, Brent.

2 July 2025

Australia. Retail Sales (MoM). The value of the indicator has increased from 0% to 0.2%

An increase of the indicator value may contribute to the rise in quotes of AUD.

2 July 2025

Australia. AIG Manufacturing Index. The value of the indicator has decreased from -23.5 to -29.3

A decrease of the indicator value may contribute to the fall in quotes of AUD.

1 July 2025

US copper contracts trade at large premiums to other exchanges

Trump's tariff policies have destabilized the industrial metals markets, disrupting supply chains and increasing inflows into the US. Such dynamics have been reflected in prices. American copper contracts are currently trading at a $1,200 per ton premium to the international price on the LME.

1 July 2025

US copper contracts trade at large premiums to other exchanges