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LME Copper Hits Another Record; Goldman Trader Pinpoints Driver Behind Move

Tyler Durden's Photo
by Tyler Durden
Authored...

Copper futures in London hit another record as traders reacted to a sharp rise in requests to withdraw metal from London Metal Exchange warehouses - the largest surge since 2013 - driven primarily by Taiwan and South Korea, but only signaling the industrial metal being pulled toward China, not the Comex system.