Branch2 Intelligence
LME approves Adani's major copper smelter in India as listed brand
Key takeaway
LME approves Adani Copper as a listed brand, enabling delivery against LME contracts from July 10.
- Step 11st-order: LME approves Adani Copper as a listed brand, enabling delivery against LME contracts.
- Step 22nd-order: Adani Copper warrants become deliverable, increasing global copper supply liquidity and putting downward pressure on regional premiums.
- Step 33rd-order: Lower copper premiums benefit downstream manufacturers globally, while competing producers face margin compression.
Source: IN:Economic Times
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