(Bloomberg) -- Copper rose for the first time in
six days in London on falling stockpiles and speculation that a
lack of new mine supply and a shortage of ore will curb
production of the metal this year. Zinc and tin also advanced.
Stockpiles of copper monitored by the London Metal Exchange
fell 1 percent to 101,800 metric tons, the exchange said today
in a daily report. Demand for the metal used in pipes beat
production by 265,000 tons in the first four months of the year,
the International Copper Study Group said earlier this month.
Read more at Bloomberg Commodities News
six days in London on falling stockpiles and speculation that a
lack of new mine supply and a shortage of ore will curb
production of the metal this year. Zinc and tin also advanced.
Stockpiles of copper monitored by the London Metal Exchange
fell 1 percent to 101,800 metric tons, the exchange said today
in a daily report. Demand for the metal used in pipes beat
production by 265,000 tons in the first four months of the year,
the International Copper Study Group said earlier this month.
Read more at Bloomberg Commodities News
No comments:
Post a Comment