London Metal Exchange Tries to Bring Order to Copper Market

The video discusses the recent turmoil in the copper market due to plunging inventories and wild price swings. Jack Farchie explains the factors affecting metal prices, including China's energy crisis and profit-taking. The LME's response to the chaos is detailed, highlighting their temporary rule changes. The video also covers the operation of the LME's physical market and the impact of low copper stocks, drawing historical parallels to past market squeezes.

Discuss the implications of having only 15,000 tons of copper available in LME warehouses.

How does the current situation in the copper market compare to historical events like the copper scandal in the 1990s?