What happened to LME's copper inventory?

Total copper inventory across all three exchanges - LME, ShFE and CME - was 200,402 tonnes at the end of January. It fell by 73,000 tonnes last year, the fourth consecutive annual decline. LME shadow stocks have been disappearing even faster.

How long does Copper inventory last?

Copper inventory right now is less than four days, meaning that combined refined copper stocks in LME, SHFE and bonded Chinese warehouses are only four days worth of global consumption. The indicator is normally measured in weeks. LME copper warehouse inventories plummeted from 180,000 tons last May, to the current 80,000t.

How much copper is in inventory across the three exchanges?

Meanwhile, total copper inventory across all three exchanges – LME, SHFE and CME – reached 200,402 tons at the end of January. It fell by 73,000 tons last year, the fourth consecutive annual decline.

What is copper used for in Valheim?

Copper ore on it’s own is used for a few things like the Forge and some furniture items. Copper is fused together with Tin to create Bronze. This is your stepping stone to larger and stronger weapons in Valheim. You will have a hard time taking on The Elder without advancing to the bronze age.