​Copper Slumps As China Dumps Base Metal Into Asian Warehouses – Tyler Durden

Copper Slumps As China Dumps Base Metal Into Asian Warehouses Copper inventories in Asian warehouses are swelling at an incredibly fast pace as the base metal that led the ‘Next AI Trade’ is under pressure once again, hitting the lowest levels in four months. The refined metal is flowing out of China into neighboring warehouses in South Korea and Taiwan, indicating that more downside for prices is ahead.  This chart is probably not what Taiwan wants to see pic.twitter.com/OCbAdWeCrz — zerohedge (@zerohedge) July 24, 2024 Goldman’s Adam Gillard told clients this AM that the copper “surplus continues to build; think price grinds lower despite…  — Continue at ZeroHedge News : Read More