金属市场动荡之际再添变数！LME因故障推迟开盘 铜价单日暴涨11%后回落

Core Viewpoint - The London Metal Exchange (LME) experienced a one-hour delay in opening due to a technical fault, adding uncertainty to an already volatile global metal market [1] Group 1: Market Volatility - The global metal market is facing extreme volatility driven by multiple factors, including U.S. military threats against Iran, renewed tariff threats from the White House, and a weakening dollar boosting demand for physical assets [2] - Copper prices surged by 11% in a single day, reaching a historical high of $14,500 per ton, before falling nearly 4% to $13,239 per ton after trading resumed [2] Group 2: Technical Issues - The LME stated that the delay was a precautionary measure after discovering a potential issue with a specific component during routine checks [1] - The incident has raised concerns about the reliability of the LME's trading systems, especially following previous disruptions in the market [5] Group 3: Analyst Insights - Citigroup analysts noted that while copper prices may rise in the short term, fundamental demand could pose challenges, with potential resistance to soaring prices due to increased scrap supply and demand destruction [4] - Market participants expressed that current expectations are overly uniform and adjustments are needed, leading to a preference for risk management and reduced participation [5]