Two From Neil Hume on LME Copper

 First up:

London Metal Exchange moves to stem draining copper reserves via @FT
https://t.co/gQGNJOrwtD

— Neil Hume (@humenm) October 20, 2021

The FT article included this line:

“We see this as a shot across the bow of trading firms in copper, and is likely to mean that the extreme cash price level seen yesterday is unlikely to be repeated,” Colin Hamilton, an analyst at BMO Capital Markets, said.

And then a bit of corporatese, possibly in response to the Bloomberg article, note the tone (mailed fist/velvet glove):

Interesting statement from Trafigura on the copper inventory situation at the LME. pic.twitter.com/Xaif9ZL5Bx

— Neil Hume (@humenm) October 20, 2021

Previously:
"The LME is done with the massive backwardation in copper and is taking action."

"Trafigura Played Key Role in Draining LME Copper Inventories"