Bloomberg reported copper stockpiles in London Metal Exchange dropped 0.4 percent to 251,450 metric tons.
As quoted in the market news:
Stockpiles, which dropped for a second day, have declined 2.2 percent in July, according to LME data on Bloomberg. Copper inventories monitored by the bourse fell 32 percent this year, with stockpiles having dropped in every month apart from June.
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