(Bloomberg) -- Copper dropped for a third
consecutive session in London after stockpiles rose and Japanese
shipments of cable and wire fell, renewing concern that Asian
demand may be slowing. Nickel and zinc declined.
Inventories of copper monitored by the London Metal
Exchange rose 1,200 metric ton to 119,025 tons, the bourse said
today in a daily report, bringing this month's gain to 7.1
percent. Metal-wire and cable shipments in Japan, the world's
second-largest economy, fell 2.5 percent on year in May,
according to preliminary data from the Japanese Electric Wire
and Cable Makers' Association.
Read more at Bloomberg Commodities News
consecutive session in London after stockpiles rose and Japanese
shipments of cable and wire fell, renewing concern that Asian
demand may be slowing. Nickel and zinc declined.
Inventories of copper monitored by the London Metal
Exchange rose 1,200 metric ton to 119,025 tons, the bourse said
today in a daily report, bringing this month's gain to 7.1
percent. Metal-wire and cable shipments in Japan, the world's
second-largest economy, fell 2.5 percent on year in May,
according to preliminary data from the Japanese Electric Wire
and Cable Makers' Association.
Read more at Bloomberg Commodities News
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