Copper Stocks to Reach Record Low in 3rd Quarter

Bloomberg reports that Copper stockpiles will fall to a record lows.

The market news is quoted as saying:

LME prices dropped as low as $8,944.50 a ton last week. Copper for three-month delivery on the exchange traded at $9,648 at 9:36 a.m. London time today. The metal is up 0.5 percent this year and has averaged about $9,634 so far in 2011, compared with the annual average of $11,500 predicted by Barclays in the March 15 report.

Click here to access the entire news