Monday, July 16, 2007

Copper Falls as Global Inventories Rise for First Time in 15 Sessions

(Bloomberg) -- Copper fell to the lowest in almost
two weeks in New York as global inventories of the metal rose for
the first time in 15 sessions.

Stockpiles in warehouses monitored by the London Metal
Exchange gained 1,325 metric tons, or 1.4 percent, to 98,875
tons, the biggest rise since June 21. Before today, copper had
increased 25 percent this year as inventories plunged 47 percent.


Read more at Bloomberg Commodities News

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