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An LME measure of near-term supply tightness surged as copper resumed sharp volatility. The LME one-day contract traded at a $75/tonne premium to the next-day contract, the widest since January when the spread hit $100/tonne amid record LME benchmark

2026-08-18

An LME measure of near-term supply tightness surged as copper resumed sharp volatility. The LME one-day contract traded at a $75/tonne premium to the next-day contract, the widest since January when the spread hit $100/tonne amid record LME benchmark prices. The tightness largely reflected traders rerouting several hundred thousand tons of copper to the United States ahead of a Trump administration decision on import tariffs. Tom/next spreads widened sharply on Tuesday, signaling short-position pressure ahead of the LME August contract expiry on Wednesday. At one point on Monday spot copper traded $545/tonne above three-month futures.

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2026-08-17

TASNIM NEWS reported a large explosion in Mocha, western Yemen, after Yemeni armed forces fired dozens of ballistic missiles and drones at military positions and weapons depots of pro‑Saudi mercenaries in Mocha and Marib.

TASNIM NEWS reported a large explosion in Mocha, western Yemen, after Yemeni armed forces fired dozens of ballistic missiles and drones at military positions and weapons depots of pro‑Saudi mercenaries in Mocha and Marib.
2026-08-18

Australia Westpac-Melbourne Institute consumer confidence index MoM +6.0% in August; previous +4.1%.

Australia Westpac-Melbourne Institute consumer confidence index MoM +6.0% in August; previous +4.1%.
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