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