From Reuters via Mining.com:
Commodity trader Trafigura is planning to take large amounts of copper from London Metal Exchange registered warehouses, two people familiar with the matter said, adding that the metal was likely to remain in Europe.
Copper stocks in LME registered warehouses stand at 83,325 tonnes are already low. Cancelled warrants – metal earmarked for delivery – stand at 31.2% or 26,000 tonnes. This compares with 12% on Jan. 3.
Most of the cancelled warrants – 20,600 according to the latest data from the LME – are in Rotterdam, Netherlands....
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