Copper is trading around $14,470 per tonne today, which is ~$400 per tonne (~3%) below its all-time high....despite no news on tariffs and the first Fed rate hike in 3 years. Copper is on course for a weekly gain of ~3%. This is because physical buying has STRENGTHENED this past week.
The Yangshan premium, the amount paid above the London Metal Exchange (LME) price to import copper cathode into China, has increased to $124 per tonne today... the highest level since November 2022 (chart below 👇). And, the COMEX continues to trade at a premium to the LME (the 3-month is ~$140 per tonne & the 6-month is ~$400 per tonne).
This is not surprising...
Governments worldwide are investing heavily in grid infrastructure, rearmament and defence... while hyperscalers are racing to be the first with the largest data-centre capacity. There will continue to be significant buyers of physical copper, whether the Fed continues to hike or not.
imo the best way a memecoin paired with a tokenized stock can actually make a difference is if the liquidity is massive
volume always dries up. that's just how memecoins work, people move on and daily volume goes from millions to nothing. but liquidity stacks, and the most important number for stock memecoins isn't volume, it's TVL. because TVL means more stock needed to be tokenized, that's real adoption. volume is just the same tokens changing hands
i believe we'll one day see a $BOME style thick liq runner paired with a tokenized stock. a pool so deep that the liquidity alone tells the story
i've tried buying a few, none good enough yet, but when it comes, the TVL itself will attract enough volume to dry everything else
Tokenization is coming to America.
Thanks to the SEC’s leadership, Americans can start to reap the benefits of tokenization: instant settlement, 24/7 trading, fractionalization by default and more. It’s a good day for US innovation.
@gajria Unlike gold and silver, copper is an industrial metal, and the Robinson Exchange currently only has copper ore contracts. Launching CPER will be very difficult—what have you done about this?
Hi, my name is @rushiguanzhao, and I’m a $MEME (@Memecoin) farmer at @Memeland.
On my honor, I promise that I will do my best to do my duty to my own bag, and to farm #MEMEPOINTS at all times.
It ain’t much, but it’s honest work. 🧑🌾