{"id":13690,"date":"2024-12-23T01:14:02","date_gmt":"2024-12-23T01:14:02","guid":{"rendered":"https:\/\/infundpros.com\/?p=13690"},"modified":"2024-12-23T01:14:03","modified_gmt":"2024-12-23T01:14:03","slug":"copper-prices-dip-as-market-faces-contango-on-lme-by-investing-com","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=13690","title":{"rendered":"Copper prices dip as market faces contango on LME By Investing.com"},"content":{"rendered":"<div id=\"article\">\n<div class=\"article_WYSIWYG__O0uhw article_articlePage__UMz3q text-[18px] leading-8\">\n<p>LONDON &#8211; The London Metal Exchange (LME) is signaling an abundance of supply, with base metals like  experiencing a deep contango, where spot prices are significantly lower than futures. This pricing pattern reflects a broader economic slowdown and the impact of high-interest rates. The situation has been further influenced by China&#8217;s inconsistent recovery from the pandemic, which has had a global ripple effect.<\/p>\n<p>As of today, the strengthening of the US dollar has played a role in lowering base metal values. In response to the surplus and the current market conditions, <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Citigroup <\/span><\/span> Inc (NYSE:). is engaging in metal-financing trades to leverage the contango scenario. Despite the general trend, copper prices have seen some upward movement, spurred by anticipation of potential US interest rate cuts and strong demand from China&#8217;s renewable energy sector.<\/p>\n<p>The mixed sentiments were evident at a recent industry conference in Shanghai, where participants debated over the possibility of refined metal surpluses against the backdrop of mining production challenges. While LME stockpiles are being replenished due to decreasing demand, this has led to increased borrowing costs, adding another layer of complexity to market dynamics.<\/p>\n<p>In summary, the base metal market is navigating through a period characterized by ample supply and heightened economic uncertainties, with various factors influencing price movements and strategic trading decisions.<\/p>\n<p><em>This article was generated with the support of AI and reviewed by an editor. For more information see our T&amp;C.<\/em><\/p>\n<\/div>\n<\/div>\n<p><script id=\"fb_pixel\" data-nscript=\"beforeInteractive\">!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window, document,'script','https:\/\/connect.facebook.net\/en_US\/fbevents.js');<\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/www.investing.com\/news\/commodities-news\/copper-prices-dip-as-market-faces-contango-on-lme-93CH-3241548\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON &#8211; The London Metal Exchange (LME) is signaling an abundance of supply, with base metals like experiencing a deep contango, where&#8230;<\/p>\n","protected":false},"author":1,"featured_media":13691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":{"0":"post-13690","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-commodities"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Copper prices dip as market faces contango on LME By Investing.com | inFundPros<\/title>\n<meta name=\"description\" content=\"LONDON - The London Metal Exchange (LME) is signaling an abundance of supply, with base metals like experiencing a deep contango, where spot prices are\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=13690\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Copper prices dip as market faces contango on LME By Investing.com | inFundPros\" \/>\n<meta property=\"og:description\" content=\"LONDON - The London Metal Exchange (LME) is signaling an abundance of supply, with base metals like experiencing a deep contango, where spot prices are\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infundpros.com\/?p=13690\" \/>\n<meta property=\"og:site_name\" content=\"inFundPros\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-23T01:14:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-23T01:14:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infundpros.com\/wp-content\/uploads\/2024\/12\/LYNXMPEB430CJ_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"537\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/infundpros.com\/?p=13690#article\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/?p=13690\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\"},\"headline\":\"Copper prices dip as market faces contango on LME By Investing.com\",\"datePublished\":\"2024-12-23T01:14:02+00:00\",\"dateModified\":\"2024-12-23T01:14:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/infundpros.com\/?p=13690\"},\"wordCount\":256,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"articleSection\":[\"Commodities\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/infundpros.com\/?p=13690#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infundpros.com\/?p=13690\",\"url\":\"https:\/\/infundpros.com\/?p=13690\",\"name\":\"Copper prices dip as market faces contango on LME By Investing.com | inFundPros\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/#website\"},\"datePublished\":\"2024-12-23T01:14:02+00:00\",\"dateModified\":\"2024-12-23T01:14:03+00:00\",\"description\":\"LONDON - The London Metal Exchange (LME) is signaling an abundance of supply, with base metals like experiencing a deep contango, where spot prices are\",\"breadcrumb\":{\"@id\":\"https:\/\/infundpros.com\/?p=13690#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/infundpros.com\/?p=13690\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/infundpros.com\/?p=13690#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/infundpros.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Copper prices dip as market faces contango on LME By Investing.com\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/infundpros.com\/#website\",\"url\":\"https:\/\/infundpros.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/infundpros.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/infundpros.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/infundpros.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/infundpros.com\"],\"url\":\"https:\/\/infundpros.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Copper prices dip as market faces contango on LME By Investing.com | inFundPros","description":"LONDON - The London Metal Exchange (LME) is signaling an abundance of supply, with base metals like experiencing a deep contango, where spot prices are","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/infundpros.com\/?p=13690","og_locale":"en_US","og_type":"article","og_title":"Copper prices dip as market faces contango on LME By Investing.com | inFundPros","og_description":"LONDON - The London Metal Exchange (LME) is signaling an abundance of supply, with base metals like experiencing a deep contango, where spot prices are","og_url":"https:\/\/infundpros.com\/?p=13690","og_site_name":"inFundPros","article_published_time":"2024-12-23T01:14:02+00:00","article_modified_time":"2024-12-23T01:14:03+00:00","og_image":[{"width":800,"height":537,"url":"https:\/\/infundpros.com\/wp-content\/uploads\/2024\/12\/LYNXMPEB430CJ_L.jpg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/infundpros.com\/?p=13690#article","isPartOf":{"@id":"https:\/\/infundpros.com\/?p=13690"},"author":{"name":"Press Room","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff"},"headline":"Copper prices dip as market faces contango on LME By Investing.com","datePublished":"2024-12-23T01:14:02+00:00","dateModified":"2024-12-23T01:14:03+00:00","mainEntityOfPage":{"@id":"https:\/\/infundpros.com\/?p=13690"},"wordCount":256,"commentCount":0,"publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"articleSection":["Commodities"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/infundpros.com\/?p=13690#respond"]}]},{"@type":"WebPage","@id":"https:\/\/infundpros.com\/?p=13690","url":"https:\/\/infundpros.com\/?p=13690","name":"Copper prices dip as market faces contango on LME By Investing.com | inFundPros","isPartOf":{"@id":"https:\/\/infundpros.com\/#website"},"datePublished":"2024-12-23T01:14:02+00:00","dateModified":"2024-12-23T01:14:03+00:00","description":"LONDON - The London Metal Exchange (LME) is signaling an abundance of supply, with base metals like experiencing a deep contango, where spot prices are","breadcrumb":{"@id":"https:\/\/infundpros.com\/?p=13690#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/infundpros.com\/?p=13690"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/infundpros.com\/?p=13690#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/infundpros.com\/"},{"@type":"ListItem","position":2,"name":"Copper prices dip as market faces contango on LME By Investing.com"}]},{"@type":"WebSite","@id":"https:\/\/infundpros.com\/#website","url":"https:\/\/infundpros.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/infundpros.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/infundpros.com\/#organization","name":"Fintech Advance","url":"https:\/\/infundpros.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/person\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/infundpros.com"],"url":"https:\/\/infundpros.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/13690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13690"}],"version-history":[{"count":1,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/13690\/revisions"}],"predecessor-version":[{"id":13692,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/13690\/revisions\/13692"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/media\/13691"}],"wp:attachment":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}