Monday, 25 June 2007

Copper Declines for Third Straight Session as Global Inventories Climb

(Bloomberg) -- Copper in New York fell for the
third session in a row after an increase in global inventories
signaled demand may be slowing for the metal used in electrical
wire and plumbing.

Stockpiles in warehouses monitored by the London Metal
Exchange gained 1,200 metric tons, or 1 percent, to 119,025
metric tons. Before today, copper had gained 18 percent this
year as LME inventories fell 36 percent.


Read more at Bloomberg Commodities News

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