Aluminium set a new year-to-date high in early trading and other metals stayed around recently achieved peaks.
There was a 33,000-tonne cancellation of copper from LME stocks on Friday morning, with the total booked for removal increasing by 37% since Monday to 167,250 tonnes. As of Friday, 92% of all available copper in LME warehouses had been cancelled.
Just 14,150 tonnes remain on-warrant, with over half of the total sitting in Rotterdam.
The drawdown in stocks, together with mounting concerns over...