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Copper Stockpiles Fall to Two-Month Low on Declines in Asia

Copper inventories tracked by the London Metal Exchange fell to the lowest in more than two months, driven by declines in South Korea.

Stockpiles declined for a seventh day, falling 1,800 metric tons to 463,450 tons, the lowest level since April 26, LME data showed today. They fell 2.2 percent this week. Most declines were registered in Gwangyang and Busan, South Korea.