(Bloomberg) -- Copper was poised to snap seven consecutive weeks of gains in London on speculation that demand growth will slow due to rising supply in China, the world's largest user of the metal. Lead and nickel gained.
Stockpiles monitored by the Shanghai Futures Exchange rose to 67,820 metric tons, the highest since December 2005, according to exchange data released today. That may slow imports into the nation this quarter, said Tobias Merath, an analyst at Credit Suisse Group in Zurich.
Read more at Bloomberg Commodities News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment