Copper Crunch Worsens as Supply Squeeze Deepens

Spot copper prices are surging on the London Metal Exchange, with a condition known as backwardation indicating a deepening squeeze on supply, pushing spreads to their highest since 2021.

14 Aug, 10:56 — 14 Aug, 10:56

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bloombergHigh22d ago

Copper Crunch Worsens as Key Spread Heads for Highest Since 2021

Spot copper prices are surging above later-dated futures on the London Metal Exchange, in a condition known as backwardation that’s a hallmark of a deepening squeeze on supply.

By Mark Burton

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Copper Crunch Worsens as Supply Squeeze Deepens

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Copper Crunch Worsens as Key Spread Heads for Highest Since 2021

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