Available LME copper inventories slide to six-month low
From brecorder.com
Copper availability in the London Metal Exchange’s registered warehouses fell by 22% to the lowest in six months, LME data showed on Tuesday, as metal continues to flow to the U.S. On-warrant LME copper inventories - those that have not been earmarked for withdrawal - dropped to 89,725 metric tons, down from 115,150 a day earlier and the lowest since July 10 last year, according to the data. The drop occurred after traders notified the LME they planned to withdraw 30,200 tons of copper, mostly from LME warehouses in South Korea and Taiwan. Traders have been taking copper stocks from LME warehouses and sending them to ...
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