CALM has returned to the London Metal Exchange (LME) copper market after last month’s storm, which forced the exchange to step in to protect those caught with a short position.
The LME cash premium, which rocketed to an unprecedented US$1,103.50 (RM4,610.97) per tonne prior to the intervention, was valued at just US$15.50 (RM64.78) at Tuesday’s close.
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