(Bloomberg) -- Copper rebounded in New York after
global stockpiles of the metal declined, renewing supply
concerns.
Inventories tracked by the London Metal Exchange dropped
275 metric tons, or 0.3 percent, to 101,125 tons. Stockpiles
have tumbled 45 percent this year as imports surged in China,
the biggest consumer of the metal used in pipes and wires.
Before today, the price had gained 27 percent in 2007 as
worldwide demand outpaced mine output.
Read more at Bloomberg Commodities News
global stockpiles of the metal declined, renewing supply
concerns.
Inventories tracked by the London Metal Exchange dropped
275 metric tons, or 0.3 percent, to 101,125 tons. Stockpiles
have tumbled 45 percent this year as imports surged in China,
the biggest consumer of the metal used in pipes and wires.
Before today, the price had gained 27 percent in 2007 as
worldwide demand outpaced mine output.
Read more at Bloomberg Commodities News
No comments:
Post a Comment