(Bloomberg) -- Copper rose in London as stockpiles
of the metal fell the most in more than seven months, indicating
demand may slow less than expected during the northern
hemisphere summer. Zinc and lead also dropped.
Inventories of copper tracked by the London Metal Exchange
declined 2.8 percent to 123,900 metric tons, the LME said today
in a daily report. That's the largest one-day drop since Oct.
17. Stockpiles are at the lowest since Oct. 24. Demand in the
summer period is traditionally weaker due to holidays.
Read more at Bloomberg Commodities News
of the metal fell the most in more than seven months, indicating
demand may slow less than expected during the northern
hemisphere summer. Zinc and lead also dropped.
Inventories of copper tracked by the London Metal Exchange
declined 2.8 percent to 123,900 metric tons, the LME said today
in a daily report. That's the largest one-day drop since Oct.
17. Stockpiles are at the lowest since Oct. 24. Demand in the
summer period is traditionally weaker due to holidays.
Read more at Bloomberg Commodities News
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