(Bloomberg) -- Shanghai copper prices gained for the
first day in three following a drop in global stockpiles of the
metal to their lowest in more than six months and amid
speculation about disruptions to supplies from South America.
Inventories of copper monitored by the London Metal Exchange
dropped by 0.6 percent to 137,575 metric tons, the lowest since
Nov. 1, the exchange said yesterday. Still, Shanghai stockpiles
have risen to their highest in three years as imports surged this
year and domestic output reached a record in April.
Read more at Bloomberg Commodities News
first day in three following a drop in global stockpiles of the
metal to their lowest in more than six months and amid
speculation about disruptions to supplies from South America.
Inventories of copper monitored by the London Metal Exchange
dropped by 0.6 percent to 137,575 metric tons, the lowest since
Nov. 1, the exchange said yesterday. Still, Shanghai stockpiles
have risen to their highest in three years as imports surged this
year and domestic output reached a record in April.
Read more at Bloomberg Commodities News
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