Economics
Surging Copper Stockpiles Point to Concerns Over Global Demand
- Inventories tracked by LME jump 40 percent in just three days
- Copper prices are trading near 4-month low on China worries
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Another surge in copper stockpiles tracked by the world’s top base-metals bourse is reigniting concerns about demand for the material that’s often viewed by investors as a bellwether for the global economy.
A 40 percent jump in inventories monitored by the London Metal Exchange in just three days comes amid concerns about China’s slowing industrial activity. Prices of copper, referred to as the metal with a Ph.D in economics, are trading near a four-month low.