Copper Stockpiles Fall Most in a Month in London; Nickel Inventories Gain

(Bloomberg) -- Copper stockpiles monitored by the
London Metal Exchange rose the most in more than a month.

Inventories of copper gained 2,725 metric tons, or 2.8
percent, to 101,400 tons, the exchange said today in a daily
report. That's the largest one-day increase since June 21.
Stockpiles have fallen 45 percent this year.


Read more at Bloomberg Commodities News

Copper Futures in Shanghai Advance After LME-Monitored Stockpiles Decline

(Bloomberg) -- Copper prices in Shanghai gained
after global stockpiles tracked by the London Metal Exchange
dropped to their lowest in almost a year.

Inventories tracked by the world's largest metals exchange
fell for a 14th straight day on July 13 to 97,550 tons, the
exchange said. That's the lowest level since July 31, 2006.


Read more at Bloomberg Commodities News

Copper Rises to Three-Week High in New York as Global Inventories Decline

(Bloomberg) -- Copper futures rose to a three-week
high in New York as declining global inventories of the metal
increased supply concerns.

Chinese stockpiles fell 5.6 percent to 90,617 metric tons,
the biggest decline in six months, the Shanghai Futures Exchange
said in a weekly report today. Inventories in warehouses
monitored by the London Metal Exchange fell 1.4 percent to
114,700 tons today.


Read more at Bloomberg Commodities News

Copper Rises For Third Session in New York as Global Inventories Decline

(Bloomberg) -- Copper futures rose for a third
session in New York as global inventories of the metal shrank.

Chinese stockpiles fell 5.6 percent to 90,617 metric tons,
the biggest decline in six months, the Shanghai Futures Exchange
said in a weekly report today. Inventories in warehouses
monitored by the London Metal Exchange fell 1.4 percent to
114,700 tons today. Copper has gained 20 percent this year,
partly on supply concerns.


Read more at Bloomberg Commodities News

Lead Falls The Most in a Month on London Exchange, Erasing Earlier Gains

(Bloomberg) -- Lead fell the most in a month on the
London Metal Exchange, erasing earlier gains.

Lead for delivery in three months on the LME dropped $110,
or 4.1 percent, to $2,600 a metric ton as of 1:13 p.m. local
time, the biggest intraday decline since May 24. Earlier, the
contract gained as much as 1.3 percent to $2,745, a record for a
fifth consecutive session.


Read more at Bloomberg Commodities News

Copper Little Changed in Asian Trade as Strike at Codelco Mine Averted

(Bloomberg) -- Copper prices were little changed in
Asia as a strike was averted at Codelco, the world's largest
producer, averting the threat of protests by the workers at a
time when global stockpiles are falling.

Stockpiles monitored by the London Metal Exchange, the
world's biggest metals market, fell 1.5 percent and Shanghai
inventories slumped 3.8 percent, the exchanges said June 22.


Read more at Bloomberg Commodities News

Copper slips on hefty stock rise, lead at new high

(Reuters) - Copper slipped on Thursday after a hefty rise in inventories but strike threats at mines supported prices and lead set a fresh record high.

Copper for three-months delivery on the London Metal Exchange (LME) fell almost 1 percent or $58 to $7,452/7,472 a tonne at 0928 GMT, after LME stocks rose 5,400 tonnes to 119,600 tonnes, still less less than 3 days of global consumption.


Read more at Reuters Africa