Thursday, June 21, 2007

Copper slips on hefty stock rise, lead at new high

(Reuters) - Copper slipped on Thursday after a hefty rise in inventories but strike threats at mines supported prices and lead set a fresh record high.

Copper for three-months delivery on the London Metal Exchange (LME) fell almost 1 percent or $58 to $7,452/7,472 a tonne at 0928 GMT, after LME stocks rose 5,400 tonnes to 119,600 tonnes, still less less than 3 days of global consumption.


Read more at Reuters Africa

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