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Reuters reported that according to Aurubis (FRA:NDA), European copper stocks are considerably low despite demand for copper is down during this time due to the summer break.
Reuters reported that according to Aurubis (FRA:NDA), European copper stocks are considerably low despite demand for copper is down during this time due to the summer break.
As quoted in the market news:
“There are only 15,000 tonnes of copper in European LME (London Metal Exchange) warehouses, hardly any of which is available for prompt delivery,” Aurubis said in a market report. “South American producers have redirected their copper shipments to North American in some cases.
