Fact: Rzzro's price feed shows LME copper at n/a and SHFE copper at n/a.
The market signal is rate-sensitive demand concerns. This is not a clean demand breakout; it is a balance between price pressure and supply discipline.
Rzzro view: buyers should separate spot price action from the upstream constraint that will matter most over the next 3-6 months.
What this means for buyers
Use LME dips below $13,500/mt or COMEX pulls below $6.30/lb as hedge windows for 3-6 months of coverage. Watch concentrate TC/RCs weekly because they lead refined availability.