Wednesday, June 6, 2007

Copper Prices Fall in Asia as Recent Gains Viewed as Excessive; Zinc Down

(Bloomberg) -- Copper prices fell in Asia as recent
gains on declining global inventories were seen overdone and
concern eased that labor disputes in Chile, the world's biggest
producer, may disrupt supply.

Inventories of copper tracked by the London Metal Exchange
dropped for the 12th-straight session to 123,300 metric tons, the
LME said yesterday in a daily report. Inventories in China have
fallen in the past two weeks, the Shanghai Futures Exchange said
on June 1.


Read more at Bloomberg Commodities News

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