Copper’s ‘Alarming’ Inventories Menace 2016 Price Gain: Chart

Copper’s 0.9 percent gain for 2016 is the smallest among the six major metals traded in London, and things could get bleaker. Inventories jumped the most in six weeks on Monday, underscoring investor concerns that production will top demand and sending prices to the lowest in more than a month. The stockpile figure was “kind of alarming: I think that explains the big move down in copper,” Tim Evans, the chief market strategist at Long Leaf Trading Group Inc., said in a telephone interview.

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