CME-to-LME Copper Spike Points to Peak Risk - At about a 12% premium on Feb. 12, the CME-to-LME #copper ratio was never greater in our database back to 1998. The previous high at 7% in May roughly set the 2024 CME apex at 5.20 a pound (10,916 a ton, LME). I see parallels, but from a lower level, with reason -- #China in decline. On the Bloomberg terminal here: https://blinks.bloomberg.com/news/stories/srkhi5dwlu68 {BI COMD} #commodities #metals #macroeconomics @BBGIntelligence