Thursday, May 10, 2007

Shanghai Copper Falls on Concern About China Demand; Zinc, Aluminum Drop

(Bloomberg) -- Copper futures fell in Shanghai for a second day as international prices continued to drop on concern demand from China, the world's biggest consumer of the metal, may slow. Zinc and aluminum also declined.

Stockpiles of copper in Shanghai Futures Exchange warehouses have more than doubled this year to the highest since December 2005 as imports and domestic production rose. Inventory may rise as much as 10,000 tons this week, said analyst Cai Luoyi. The figures are expected this afternoon.


Read more at Bloomberg Commodities News

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