Copper basis arbitrage trading ‘what the market is for’ – LME chief

21st May, 2025

Radi Khasawneh
Matthew CHamberlain

A divergence in the price of copper futures on the London Metal Exchange (LME) and rival CME Group has presented an arbitrage opportunity for traders, which the LME chief executive said is natural when US tariff uncertainty is driving flows.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP

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