Friday, August 3, 2007

Copper May Drop in New York as Global Inventories Rise to One-Month High

(Bloomberg) -- Copper, little changed in New York,
may drop after global inventories of the metal rose to the
highest in almost a month, easing supply concerns.

Stockpiles in warehouses monitored by the London Metal
Exchange gained 2,225 metric tons, or 2.2 percent, to 105,650
tons, the highest since July 5. Before today, copper had gained
24 percent this year as LME inventories dropped 43 percent.


Read more at Bloomberg Commodities News

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