(Bloomberg) -- Copper futures in New York rose to the
highest in more than a week after inventories monitored by the
London Metal Exchange fell for a ninth day.
Stockpiles in London fell 1 percent to 128,925 metric tons
today, the lowest since Oct. 27. Supplies of the metal monitored
by the LME have dropped 30 percent in 2007 as imports into China
rose to record levels. Copper has rallied 17 percent this year as
inventories dwindled and demand rose in China, the world's
biggest consumer of the metal used in pipes and wires.
Read more at Bloomberg Commodities News
highest in more than a week after inventories monitored by the
London Metal Exchange fell for a ninth day.
Stockpiles in London fell 1 percent to 128,925 metric tons
today, the lowest since Oct. 27. Supplies of the metal monitored
by the LME have dropped 30 percent in 2007 as imports into China
rose to record levels. Copper has rallied 17 percent this year as
inventories dwindled and demand rose in China, the world's
biggest consumer of the metal used in pipes and wires.
Read more at Bloomberg Commodities News
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