{
  "id": 3910284,
  "title": "Copper rises, set for eighth weekly gain on falling LME stocks",
  "url": "https://urgent.news/2026/08/28/copper-rises-set-for-eighth-weekly-gain-on-falling-lme-stocks",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T06:37:13.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40436845/copper-rises-set-for-eighth-weekly-gain-on-falling-lme-stocks"
  },
  "original_language": "en",
  "account": "Copper prices climbed for the eighth week in a row on Friday, driven by concerns over dwindling stocks in London Metal Exchange warehouses. The benchmark three-month copper on the LME rose 0.22% to $14,314.5 per metric ton, marking a 0.7% increase this week. The most-traded copper contract on the Shanghai Futures Exchange also edged up by 0.4% to 108,820 yuan ($16,191.77) per ton. Analyst Craig Lang attributed the support to a surge in LME warrant cancellations, indicating metal set for withdrawal from warehouses. This week, the cancellations counterbalanced much of the stock gains from significant inflows the previous week. LME-registered warehouses held 107,050 tons of copper as of Thursday, a drop from 166,775 tons a week earlier. Withdrawals from LME and Shanghai Futures Exchange warehouses into US warehouses, in anticipation of a potential US tariff on refined copper imports, have raised concerns about availability. Zinc, buoyed by falling warehouse stocks this week, saw a 0.73% rise on the LME but fell 0.3% on the SHFE. Chinese zinc exports have helped alleviate fears of shortages outside China, despite ongoing supply tightness and speculative positioning that continue to support prices. Analysts from ING noted that LME inventories are low, with treatment charges remaining deeply negative, indicating a tight concentrate supply and pressure on smelter margins. Among LME metals, aluminium dropped 0.08%, lead eased 0.08%, nickel slipped 0.14%, and tin declined 0.12%. For SHFE metals, aluminium added 0.46%, lead gained 1.06%, nickel lost 0.38%, and tin rose 0.61%.",
  "summary": "SINGAPORE: Copper ticked up on Friday and was set for an eighth straight weekly increase, after a string of withdrawal requests from London Metal Exchange warehouses raised availability concerns. Benchmark three-month copper on the LME was up 0.22% at $14,314.5 a metric ton by 0315 GMT, rising 0.7% so far this week. The most-traded copper contract on the Shanghai Futures Exchange edged 0.4%…",
  "key_points": [
    "Copper prices rise for eighth week, up 0.7%",
    "LME warehouse stocks fall to 107,050 tons",
    "Withdrawals raise tariff concerns on refined copper"
  ],
  "editors_take": "Falling LME stocks and concerns over potential US tariffs on refined copper imports are tightening the market, supporting copper prices and contributing to gains in other base metals like zinc.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}