Copper Stockpiles Rise Most Since 2004 as Metal Flows From China
- Copper stockpiles rise to highest level since February
- Zinc little changed after rising for eight consecutive days
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Copper led losses in industrial metals after data showed the biggest two-day increase in stockpiles since 2004.
Copper slid 1.6 percent to $4,611.50 a metric ton as of 11:11 a.m. in London. Inventories in warehouses monitored by London Metal Exchange have risen almost 30 percent in two days, according to data compiled by the bourse. While stockpiles had fallen for most of this year, they’re now at the highest level since February.