(Bloomberg) -- Copper futures rose in New York as
global inventories of the metal used in pipes and wire declined
to a seven-month low.
Stockpiles monitored by the London Metal Exchange fell
1,250 metric tons, or 0.9 percent, to 140,075 tons, the lowest
since Nov. 2. Inventories are at ``historically low levels,''
Goldman Sachs Group Inc. said in a report today. Supplies have
fallen 23 percent this year, and copper has gained 17 percent.
Read more at Bloomberg Commodities News
global inventories of the metal used in pipes and wire declined
to a seven-month low.
Stockpiles monitored by the London Metal Exchange fell
1,250 metric tons, or 0.9 percent, to 140,075 tons, the lowest
since Nov. 2. Inventories are at ``historically low levels,''
Goldman Sachs Group Inc. said in a report today. Supplies have
fallen 23 percent this year, and copper has gained 17 percent.
Read more at Bloomberg Commodities News
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