Trafigura pulls over 51,000 tons of copper from LME warehouses in largest withdrawal since 2013
Trafigura has withdrawn over 51,000 tons of copper from LME warehouses, marking the largest single-day withdrawal since 2013. This move has driven LME copper inventories to their lowest levels since 1974, as traders prepare for an upcoming US tariff decision. The strategic withdrawal reflects ongoing dynamics between the LME and Comex markets, influenced by both US and Chinese demand.
- ▪Trafigura's withdrawal is valued at over $700 million.
- ▪The copper was primarily pulled from warehouses in the US and Asia.
- ▪Traders are positioning themselves ahead of a critical US tariff ruling expected in late June 2026.
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Trafigura pulls over 51,000 tons of copper from LME warehouses in largest withdrawal since 2013 The $700 million-plus move has driven LME copper inventories to their lowest level since 1974, with traders positioning ahead of a critical US tariff decision. Share Add us on Google by Editorial Team May. 22, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Trafigura Group just walked out of London Metal Exchange warehouses with more…
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