(Bloomberg) -- Copper futures in Shanghai rose, snapping a two-day decline, as a drop in global stockpiles, supported an outlook for increasing demand for the metal.
Stockpiles monitored by the London Metal Exchange fell to 169,075 metric tons on April 20, down 3 percent on a week earlier and below the 170,000-ton level for the first time since December 12, 2006. Most decreases occurred in warehouses in the U.S., the world's second-biggest copper user after China.
Read more at Bloomberg Commodities News
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