https://newsletter.mw.creamermedia.com

Comex copper premium here to stay, LME executive says

27th November 2025

By: Reuters

  

Font size: - +

SHANGHAI - Copper prices on the US Comex exchange will enjoy a premium over the London Metal Exchange that is likely to persist over the next 18 months, an LME executive said on Thursday, citing uncertainties around copper tariffs in the United States.

“There is a persistent premium on the CME contract of 2 to 3% and I do think it is fair to say this is likely now a structural difference in the markets that is likely to persist,” said Robin Martin, Head of Market Development at LME, delivering a speech to the World Copper Conference Asia.

The divergence between CME and LME, driven by US tariffs, has drained LME inventories, and shifted copper stocks to COMEX sheds. US copper exchange inventories exceeded 400 000 short tons for the first time on Monday.

EXPAND ACCESS FOR CHINA

The LME is working to make its service more accessible for Chinese users, Martin said. The exchange is making significant efforts to accept offshore yuan as collateral and is collaborating with major Chinese banks to streamline the service, he said.

The LME executive added the exchange is also exploring accepting Chinese government bonds as eligible collateral in its clearinghouse.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Astore Keymak
Astore Keymak

Astore Keymak is one of South Africa’s leading suppliers of high-quality Thermoplastic Pipeline Systems, with branches in the major provinces.

VISIT SHOWROOM 
Invincible Valves
Invincible Valves

Established in 1982, Invincible Valves is a medium-sized enterprise in Germiston, serving global and local markets.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.196 0.278s - 142pq - 2rq
Subscribe Now