Copper Drops as Inventory Gains Signal Global Supplies Are Ample
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Copper futures fell for the second time in three days on signs that supplies are increasing.
Inventories in warehouses monitored by the London Metal Exchange are the highest since Sept. 24 after increasing for 16 straight sessions. Supplies monitored by the Shanghai Futures Exchange climbed 9.5 percent last week to the highest since June. Prices jumped 33 percent in 2010 as global inventories dropped 17 percent.