港股概念追踪|LME库存近被掏空 摩科瑞被曝大举提货铜（附概念股）

Group 1 - Mercuria Energy Group Ltd. is accelerating copper accumulation in response to potential U.S. tariffs, leading to a significant global supply shortage [1] - The company has applied to withdraw approximately 50,000 tons of copper from LME warehouses, marking the largest withdrawal in over a decade, pushing copper prices to a historical high of $11,500 per ton [1] - On December 2, Mercuria canceled warehouse receipts for over 40,000 tons of copper, valued at approximately $460 million at current prices [1] Group 2 - LME data shows a surge in copper withdrawal requests, with an increase of 50,575 tons, the largest since 2013, bringing total requests to 56,875 tons, which is 35% of LME's total inventory [1] - The majority of copper in LME warehouses comes from China and Russia, which cannot be delivered against NYMEX contracts, prompting traders to withdraw copper to ensure more deliverable metal flows to the U.S. [2] - Goldman Sachs reported that copper flows to the U.S. are expected to restart more quickly than anticipated in the first half of 2026, with recent price increases driven by LME withdrawals [2] Group 3 - The ongoing movement of copper into the U.S. and the decreasing exchange inventories are building upward momentum for copper prices, suggesting the potential initiation of a long-awaited supercycle in the market [3] Group 4 - Relevant copper mining companies include Luoyang Molybdenum (03993), Zijin Mining (02899), Minmetals Resources (01208), Jiangxi Copper (00358), China Nonferrous Mining (01258), and China Metallurgical Group (01618) [4]