Monday, 25 June 2007

Copper Falls Most in 2 Weeks as Inventory Gain May Signal Slowing Demand

(Bloomberg) -- Copper in New York fell by the most
in two weeks as a jump in global inventories signaled demand may
be slowing for the metal used in electrical wire and plumbing.

Stockpiles in warehouses monitored by the London Metal
Exchange gained 1,200 metric tons, or 1 percent, to 119,025
metric tons, the exchange said today. Before today, copper had
gained 18 percent this year as LME inventories fell 36 percent.


Read more at Bloomberg Commodities News

No comments: