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Copper Stockpiles Fall From Three-Year High

  • Inventories tracked by exchanges fall from three-year high
  • Money managers boost bullish bets for fourth straight week
Updated on

Copper bears are on the back foot.

Combined stockpiles in warehouses tracked by exchanges in Shanghai, London and New York have fallen 9.6 percent from a three-year high in mid-March, while money managers boosted their bullish bets on copper traded on the London Metal Exchange for a fourth straight week.