Glencore Rumored to Buy Large Russian Copper Batches from LME for China, Amid Global Supply Tightness

Published: May 28, 2025 13:14

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[What's going on? It is rumored that Glencore has purchased a large amount of Russian copper from the LME, with the destination possibly being China] ① There are signs that Glencore may have been buying Russian copper from the London Metal Exchange (LME) recently and plans to ship it to China; ② This move appears to be highlighting that the global copper market is still facing a tight supply situation after the US "siphoned off" metals such as gold and copper earlier this year.

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