Glencore Buys Russian Copper on LME to Feed Tight Chinese Market

Glencore Buys Russian Copper on LME to Feed Tight Chinese Market

Glencore Plc has been buying Russian copper on the London Metal Exchange and plans to deliver it into China, in a trade that highlights a squeeze on supplies in the world’s largest copper consumer.

Russian copper reserves in Europe are exported to China: EADaily

EADaily, May 28th, 2025. International traders are buying Russian copper from London Stock Exchange (LME) warehouses in Europe to export to China. Due to Donald Trump's threats, metal prices in China has grown and supplies from Europe have become profitable.

Copper rises on signs of tighter nearby supply

Benchmark three-month copper on the LME was up 0.5% at $9,639 a metric ton by 0950 GMT, after hitting a two-week high of $9,655