Copper Heads for First Weekly Gain in a Month as Global Inventories Drop

(Bloomberg) -- Copper in New York headed for the
first weekly gain in a month after inventories declined in
China, the world's biggest consumer of the metal.

Stockpiles in Shanghai dropped 3.8 percent this week to
95,254 metric tons, the second-straight decline. Inventories
monitored by the London Metal Exchange have tumbled to the
lowest since Oct. 27. Copper has rallied 18 percent this year on
declining supplies and Chinese demand.


Read more at Bloomberg Commodities News