Copper Futures Climb After Global Inventories Tumble Most Since October

(Bloomberg) -- Copper futures in New York rose to
the highest almost two weeks after a gauge of global inventories
tumbled the most in seven months.

Stockpiles monitored by the London Metal Exchange fell
3,3550 metric tons, or 2.8 percent, to 123,900 metric tons, the
biggest daily percentage decline since Oct. 17. Inventories in
China dropped for a second-straight week, the Shanghai Futures
Exchange said on June 1. Copper has rallied 19 percent this year
as LME supplies plunged 32 percent.


Read more at Bloomberg Commodities News