I personally find this immensely reassuring. We are back to a little over 320000 t Cu on the LME, and the trend is the same as for the last 6 weeks. So in terms of the LME copper mountain, the stocks have fallen about 40% since that peak at the beginning of the year. But I will be the first to admit, we are still well above any level in the past 5 years prior to this peak, so there is a way to go.
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