(Bloomberg) -- Copper prices rose in Asia as global
stockpiles fell the most in seven months, signaling consumption
may be stronger than expected during the northern hemisphere
summer, traditionally a weak demand period due to holidays.
Inventories of copper tracked by the London Metal Exchange
fell 2.8 percent to 123,900 metric tons, the LME said yesterday
in a daily report. That's the largest one-day drop since Oct. 17.
Stockpiles are at the lowest since Oct. 24. Inventories in China
dropped for a second-straight week, the Shanghai Futures Exchange
said on June 1.
Read more at Bloomberg Commodities News
stockpiles fell the most in seven months, signaling consumption
may be stronger than expected during the northern hemisphere
summer, traditionally a weak demand period due to holidays.
Inventories of copper tracked by the London Metal Exchange
fell 2.8 percent to 123,900 metric tons, the LME said yesterday
in a daily report. That's the largest one-day drop since Oct. 17.
Stockpiles are at the lowest since Oct. 24. Inventories in China
dropped for a second-straight week, the Shanghai Futures Exchange
said on June 1.
Read more at Bloomberg Commodities News
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