Copper Futures Decline in New York as Gains in Past Month Seen as Overdone

(Bloomberg) -- Copper in New York fell for the first
time in four sessions on speculation that a rally that took the
metal to a 10-week-high was overdone.

Before today, copper had gained 7.7 percent in the past
month on concern that strikes at Latin American mining companies
would cut production at a time of strong demand. Inventories of
the metal monitored by the London Metal Exchange rose the most in
a month today.


Read more at Bloomberg Commodities News

Copper Falls From 8-Week High on Speculation Rally May Have Been Overdone

(Bloomberg) -- Copper fell from an eight-week high in
New York on speculation that gains may have been exaggerated
during a six-session rally that sent prices up 8.4 percent.

Inventories monitored by the London Metal Exchange fell 2.3
percent today to 105,475 metric tons. The total still is 15
percent higher than a year ago.


Read more at Bloomberg Commodities News

Copper Rises to One-Month High on Chile, Falling Stockpiles; Zinc Gains

(Bloomberg) -- Copper prices rose in Asia to a one-
month high on concern labor disputes in Chile, the world's
largest source of the metal, may disrupt supplies and further
deplete global stockpiles. Zinc was also higher.

Inventories monitored by the London Metal Exchange dropped
for a seventh straight day, by 1,650 metric tons to 110,375 tons,
the exchange said yesterday. Contract workers at Dona Ines de
Collahuasi, Chile's third-largest copper mine, plan to strike on
July 9 after they found an improved wage offer too low.


Read more at Bloomberg Commodities News

Aluminum May Pace LME in Second Half as Mergers, China Slash Global Supply

(Bloomberg) -- Aluminum, the worst performer on the
London Metal Exchange since 2002, has the best chance to advance
for at least the next six months.

A growing number of investors say takeovers of Alcan Inc. of
Canada and Russia's OAO Sual Group may reduce aluminum production
as China, the world's largest supplier, cuts exports. Aluminum
will be the only metal on the LME to gain for the rest of 2007,
while copper, nickel, zinc and tin decline, futures markets show.


Read more at Bloomberg Emerging Markets News

Lead Falls Most in a Month in London on Speculation Rally Was Overdone

(Bloomberg) -- Lead fell the most in more than a
month in London on speculation gains that drove the metal to a
record were exaggerated given signs that a supply squeeze is
easing. Copper, aluminum, nickel and zinc also fell.

Inventories of lead tracked by the London Metal Exchange
increased for a third straight day, climbing 0.8 percent to
46,400 tons, the LME said in a daily report. Stockpiles have
advanced 13 percent this year.


Read more at Bloomberg Commodities News

Shanghai copper down 1 pct, LME stocks seen rising

(Reuters) - Shanghai copper fell nearly 1 percent on Friday on weakness in London futures in the previous session after stocks jumped nearly 5 percent following large-scale deliveries into warehouses in South Korea.

London Metal Exchange inventories rose 5,400 tonnes to 119,600 tonnes on Thursday after deliveries of 6,550 tonnes into warehouses in South Korea, and traders said more metal was expected.


Read more at Reuters Africa