Copper Stockpiles in China Surge to Record as Metal Flows East

  • Shanghai Futures Exchange copper inventories climb 11 percent
  • China has overtaken LME to have world's biggest copper depot

Stockpiles of refined copper in Shanghai extended their advance to a record as the difference between domestic and foreign prices encouraged imports by China, the world’s biggest consumer. Inventories tracked by the Shanghai Futures Exchange are higher than stockpiles monitored by the London Metal Exchange for the first time in a more than a decade.

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