Copper Backwardation Collapses After 20,000 Tons Hit LME Warehouses

Trafigura Group and several other traders delivered more than 20,000 tons of copper into LME warehouses on Tuesday, the biggest one-day build in on-warrant stock since April, and the squeeze that had gripped the London market for the past week came apart. The cash-to-three-month spread settled at a $248-a-ton backwardation, down from as much as $545 on Monday, which was …

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What’s behind Platinum’s latest 3.1% price pullback?

Platinum (XPT) declined 3.10% as short-term bullish technical signals were undercut by sellers, even as industry demand and a constructive reward-to-risk profile were noted by trading desks. The move contradicts recent momentum, with Platinum holding above its 20- and 50-day moving averages but struggling to break key resistance levels. Buy-the-dip flows emerge amid persistent selling pressure On August 18, 2026, …

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Copper supply squeeze intensifies as equities lag metal price, RBC says

Copper’s physical market is showing signs of an increasingly severe supply squeeze even as mining equities remain cautious, according to RBC Capital Markets. Spot copper advanced 4.3% to US$6.73/lb over the week while copper equities fell 2.6%, widening the disconnect between the commodity and producers. RBC said the LME spot-to-3-month futures spread reached US$0.30/lb, the steepest premium since the 2021 …

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Copper tests new record amid AI and energy demand

Data center, renewable energy, electric vehicle, and other related investments drive copper demand, while US-China supply competition and producers failing to meet production targets keep copper above $6.7 per pound. Copper reached a new record, rising as high as $6.73 per pound on Monday due to strong artificial intelligence (AI) infrastructure investments, growing renewable energy demand and cost pressures further …

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Silver Eyes $70 After Rebound From July Lows

Silver is testing a major resistance zone near $66-$67 after rebounding from its July lows, with both daily and weekly charts showing improving momentum but no confirmed breakout yet. A sustained move above this area could strengthen the bullish case toward $70-$72, while another rejection would keep the broader correction intact. Silver Tests Major Downtrend Resistance Near $66 Silver is pressing …

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Trump Is Spending Billions On The Minerals That Power EVs

For years, U.S. President Donald Trump has openly displayed his disdain for the clean energy and electric vehicle sectors. In the early days of his second term, Trump stalled funding for EV charging infrastructure while pushing fossil fuels. In July 2025, the GOP-sponsored One Big Beautiful Bill Act (OBBBA) rolled back EV incentives from the Inflation Reduction Act, terminating the $7,500 new and $4,000 …

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Aluminium on thin ice as LME stocks hit 36-year low, Reuters says

London Metal Exchange (LME) stocks of aluminium have slumped to their lowest level since 1990, attesting to the supply-chain dislocation caused by the Iran war. Gulf production of primary aluminium has collapsed by two-million tons a year since the US and Israel attacked Iran on February 28. The supply-chain shock has translated into a scramble for available metal from the market of last resort, where registered stocks have fallen …

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