02 · Metals desk · Market Report

Copper +1.6% W/W as stocks fall; selective bullish view for 1-2 weeks

Metals desk weekly monitor: LME copper cash at $14,741/t as visible stocks fell 5.5% W/W on Chilean supply risk, though Escondida's preliminary deal trims upside. Small paper long in LME copper 3m; the broader basket stays neutral.

Open PDF Thomas Landrove, Luka Dolidze, Jonny Isakov, Enzo, Misha, Gabriel, Gaangey Goenka, Mikael Abkarov · October 16, 2026