Iron ore price rises as China stimulus lifts sentiment

The premium that buyers pay above futures prices for domestic copper have surged since the second half of last year.

Open interest in the lithium contract hit a record high of 473 contracts on Wednesday, and extends out to February 2024, according to CME data.

Copper Options average daily volume was at 12,513 contracts month-to-date, up 410% versus a year ago.

New report by Sprott says West’s renewed focus on energy security, doubling of conversion and enrichment prices and green energy transition provides structural support for a sustained bull run.

Volumes have fallen every month year-on-year since the suspension of nickel trading and the decision to cancel trades.

The spodumene mineralization at the CV5 pegmatite has now been traced over a strike length of at least 2,200 metres.

Long copper positions are building on both the LME and the COMEX.

Trading volumes at the LME have been slowly declining primarily due to increased competition from the OTC markets.

The largest US aluminum producer expects to ship between 2.5 million and 2.6 million tonnes this year.