Yes...there is a premium on comex compared to the LME but if we start using out of date / delayed LME data we miss the realtime movements in the copper price which help us make decisions. I have read that a lot more copper is going to the US due to the premium (someone is receiving this higher price). If our copper happened to go to usa, why would we receive less than the comex price due to tariffs or tariff expectations? Currently there are no tariffs on copper and secondly no seller to the USA will accept a lower comex price due to hypothetical tariff expectations. The market price IS the market price.
A1M Price at posting:
39.3¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)