Friday, May 25, 2007

Copper Rises Most in Two Months in New York After China's Inventories Drop

(Bloomberg) -- Copper in New York rose the most in
two months after stockpiles in Shanghai dropped, signaling a
pickup in Chinese demand and easing concern that the world's
biggest consumer was oversupplied.

Inventories at five warehouses in the city fell 0.5 percent
in the past week from a three-year high, the Shanghai Futures
Exchange said today on its Web site. Stockpiles monitored by
London Metal Exchange declined for a sixth daily session.


Read more at Bloomberg Commodities News

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