Glencore Purchases Russian Copper on LME for Shipment to China, Exacerbating Inventory Depletion

Published: May 28, 2025 09:45

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According to foreign media reports, Glencore has been purchasing Russian copper on the LME and plans to ship it to China. According to LME data, in the past few trading days, the LME Rotterdam delivery warehouse has received delivery requests for approximately 15,000 mt of Russian copper. This move will exacerbate the further depletion of LME inventories, deepening the LME backwardation structure.

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