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Metals: LME copper records a third consecutive week of decline

20/02/2026
Source : ORISHAS FINANCE
Categories: Raw materials

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This Friday, the copper of LME has fell, preparing to record a third week of decline in a row, the Chinese markets, the world's largest consumer.

The reference price for copper at the LME was in down 0.1% to $12,793 per metric ton at 03:51 GMT and by 0.7% over the week.

Shanghai Futures Exchange to reopen its doors on February 24.

Industrial metals are retreating as the demand is weakening and supply disruptions are expected to normalize, ANZ analysts noted, adding that copper stocks are rising reconstitute on a global scale.

Copper stocks in warehouses authorized by the LME increased by 925 tons to reach 225,575 tons on Thursday, their highest level since March 2025. At the same time, the CME Group received a Application for the registration of a copper warehouse located in the suburbs of Chicago, according to an opinion from the American commodity exchange operator firstly, while the prospect of import tariffs has encouraged traders to build up stocks.

For other metals, the price of zinc has slightly increased by 0.1% to $3,342.50, while that of Nickel remained stable at 17,280 dollars per ton.

Aluminum grew by 0.4% to reach $3,079, while lead fell by 0.2% to $1,951.

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