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Tight Supply Provides Strong Support for Premiums; Imported Copper Premiums Continue to Hit Record Highs [SMM Yangshan Copper Weekly Review]

Tight Supply Provides Strong Support for Premiums; Imported Copper Premiums Continue to Hit Record Highs [SMM Yangshan Copper Weekly Review]

Tight supply in the Chinese market and high LME backwardation have driven Yangshan copper premiums to record highs, with registered copper warrant and B/L premiums reaching $200/mt. Domestic bonded...