Copper Trades Near One-Week Low as Global Stockpiles Gain
This article is for subscribers only.
Copper traded near the lowest level in more than a week as inventories at London Metal Exchange warehouses climbed to a nine-month high. Zinc, lead and nickel also declined.
Metal for delivery in three months was little changed at $8,021.50 a metric ton on the LME at 2 p.m. Shanghai time. It fell to $8,006.25 on Dec. 17, the lowest since Dec. 7. Copper for March delivery on the Shanghai Futures Exchange fell 0.4 percent to 57,630 yuan ($9,250) a ton.