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Charting the rising influence of the Shanghai Futures Exchange on copper

The times they are a'changin' and SHFE is now the boss of copper price discovery, it's doesn't matter what the LME would like you to believe. Here's the main chart:

This shows the percentages of the above.

Data from Chile's copper data people Cochilco, right here. We don't include the bonded warehouse figures, those we leave for the market shills and pumpers. Bless you Scotia.