Mystery trader captures 80pc of London's copper market

[TykeMerc]

"Moving into"? He's already in Birmingham.

You have a point there.

[d000hg]

According to the rules of the London Metal Exchange, the trader must lend out copper if it holds between 50pc and 80pc of the total to maintain day-to-day liquidity in the market

Does that mean once you reach 80% you attain immunity and can just sit on it?

[scooterscot]

It's not longer a mystery.

JP Morgan revealed as mystery trader that bought £1bn-worth of copper

Stupid speculators.

I'm not expert but the world stock of copper but Bolivia is practically made out of it. Just who are they trying to hold to ransom?

This pushed up the price for the immediate delivery of copper to $8,700 – its highest level since the financial crisis in October 2008.
A high premium on the spot copper price normally reflects fear of a shortage of the metal,

JP Morgan panicking? Trying to make money before their inevitable losses on Silver.

[Freamon]

The bank obviously, not the man himself.

J. P. Morgan - Wikipedia, the free encyclopedia

[MarillionFan]

I've got some old pipes in the back yard. Do you reckon I should phone JPM?