Market action on the LME last night.
"Copper cancelled warrants rose by a further 14,500t to 55,025t on Tuesday, (10.4% of LME stocks), up from 9,000t in mid-February, while zinc cancelled warrants increased to 36,825t (10.4% of LME stocks). We expect the metal to be made ready for withdrawal to be delivered into China over the coming month, resulting in declines in LME stocks over the period."
Source-Maccas
Probably not the end, but maybe the beginning of the end?
Cheers,TAS
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