(Bloomberg) -- Copper futures in Shanghai rose near a seven-month high, as a drop in global stockpiles signaled improved demand for the metal used in wires and pipes.
Copper stockpiles monitored by London, New York and Shanghai exchanges fell 1.9 percent last week to 267,846 metric tons, the lowest since Jan. 30. Stockpiles in Shanghai Futures Exchange warehouses fell for the first week in more than two months.
Read more at Bloomberg Commodities News
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