(Bloomberg) -- Copper futures in Shanghai fell after a report showed the industrial metal was in surplus in the first two months of the year and as concerns about supply disruption at the world's second largest copper mine eased.
Copper production exceeded demand by 115,000 metric tons in January and February, the World Bureau of Metal Statistics said yesterday. The refined copper surplus may reach 275,000 tons in 2007, Thomas Goeda, chairman of the copper committee of the International Wrought Copper Council, said.
Read more at Bloomberg Commodities News
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