Mercuria Withdraws Huge Volume of Copper From LME as Prices Soar

Mercuria Energy Group Ltd. has ordered about $500 million of copper for withdrawal from warehouses overseen by the London Metal Exchange, as the trading house positions itself for a global...

By Mark Burton, Archie Hunter · Bloomberg Markets

Mercuria Energy Group Ltd. has ordered about $500 million of copper for withdrawal from warehouses overseen by the London Metal Exchange, as the trading house positions itself for a global supply crunch fueled by possible US tariffs.