Copper news, page-253

If Tsingshan announced that the sun rises in the east I would have to wake up and fact check them on that.

I expect that Tsingshan are probably massive short on the price of copper and enjoying piggy-backing off the idea that no-one needs copper anymore aligned with the annual typical US Debt Ceiling posturing in Washington DC.

I'm wondering when this all unwinds in a messy fashion whether the LME will have to intervene and cancel trades and positions like it did in the Ni market in 2022. The LME set the worst example that a market operator could do at the time, and the expectation now is that similar situations will be treated the same way, very dangerous for western mining companies and smelters to be in as they wear all the risks and consequences for a failure in the LME.