Copper Price Down After $0 Chinese Smelter Deal Disrupts Treatment Charges

Post Views: 6 LME Copper Chinese Smelter Deal Reshapes Copper Price Dynamics Copper price down after $0 Chinese smelter deal emerged as the dominant market story on Friday. September copper futures on the Comex slipped over 1% to $5.0450/lb ($11,120/tonne), ending a five-day rally. Traders cited profit-taking and regional price imbalances, particularly between the U.S. and the London Metal Exchange (LME). Meanwhile, benchmark LME copper traded near $9,887/tonne, reflecting tight non-U.S. supply. A surprise agreement between Antofagasta and Chinese smelters caused further volatility. According ...