Core Insights - LME spot copper contracts have experienced a significant drop in premiums, indicating a potential shift in market dynamics [1] - An estimated delivery of over 30,000 tons of copper to LME registered warehouses is expected in July, which may influence future price movements [1] Group 1 - The decline in LME spot copper premiums suggests a bearish outlook for copper prices in the near term [1] - The anticipated delivery of more than 30,000 tons of copper could lead to increased supply in the market, potentially exerting downward pressure on prices [1]