期铜跌至近两周低点，因库存增加和格陵兰岛恐慌情绪消退【1月22日LME收盘】

Core Viewpoint - LME copper prices fell to a near two-week low due to increased exchange inventories and the withdrawal of tariff threats by President Trump regarding Greenland [1][3]. Group 1: Copper Market Dynamics - On January 22, LME three-month copper dropped by $54.5, or 0.43%, closing at $12,755.5 per ton, with an intraday low of $12,621, the lowest since January 9 [1]. - LME copper inventories rose to 168,250 tons, the highest since May 2025, with 8,725 tons flowing into U.S. warehouses this month [3]. - The current LME copper spot price is at a discount of $78 per ton compared to the three-month futures, indicating limited short-term demand for the metal [3]. Group 2: Other Base Metals Performance - Three-month zinc increased by $35.5, or 1.12%, closing at $3,211.0 per ton, influenced by Nexa Resources' temporary suspension of operations at its Atacocha San Gerardo mine in Peru [4]. - Three-month aluminum rose by $17.5, or 0.56%, closing at $3,132.5 per ton [5]. - Three-month lead decreased by $2, or 0.1%, closing at $2,020.0 per ton [6]. - Three-month nickel remained unchanged at $17,996.0 per ton [7]. - Three-month tin increased by $460, or 0.89%, closing at $51,877.0 per ton [8]. Group 3: Market Sentiment and Influences - Market anxiety has diminished, leading to a broad price decline as previous driving factors have dissipated, according to analyst Tom Price [3]. - The narrowing of arbitrage opportunities between LME and Comex has led to a return of metals to LME, contributing to the increase in inventories [4]. - A weaker dollar has supported most LME metals, making dollar-denominated metals more attractive to holders of other currencies [4].