London copper prices fell due to rising inventories, with LME copper dropping 0.5% to $9,555 per metric ton.
London copper prices fell due to rising inventories, with three-month copper on the LME dropping 0.5% to $9,555 per metric ton. Despite the decline, physical demand in China has been increasing and is expected to continue if prices remain stable. LME-approved warehouses' copper inventory reached 180,125 tons on June 27, up from 104,000 tons in mid-May.
July 01, 2024
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