Potential Holding in London Copper Stockpiles Shrinks to 80-89%

- December 29th, 2010

Businessweek reports that the potential share of London Metal Exchange copper stockpiles held by one unidentified company fell to 80 percent to 89 percent, from at least 90 percent.

Businessweek reports that the potential share of London Metal Exchange copper stockpiles held by one unidentified company fell to 80 percent to 89 percent, from at least 90 percent.

The market news is quoted as saying:

The holding covers inventory already owned and contracts expiring in the next two trading days, according to the Dec. 23 data, released today. The figures are used by the LME to apply guidelines that oblige the owner to lend metal at fixed rates.

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