Copper Falls in New York as Global Inventories Surge Most in Eight Months

(Bloomberg) -- Copper fell in New York after
inventories monitored by the London Metal Exchange jumped the most
in almost eight months.

Warehouse stockpiles rose 4.7 percent to 119,600 tons, the
biggest increase since Oct. 24. Before today, inventories had
dropped 38 percent this year to the lowest since October. Copper,
used in pipes and wires, has gained 18 percent this year, partly
because of dwindling supplies.


Read more at Bloomberg Commodities News