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Copper falls as LME stocks edge higher and mine supply concerns ease
LONDON: Copper prices fell on Monday as rising inventories and the end of a strike at a major Chilean mine eased supply concerns. Benchmark three-month copper on the London Metal Exchange was down 0.1% at $14,385 a metric ton by 1016 GMT. Available copper stocks in LME-registered warehouses rose to a two-month high of 147,450 tons after 8,225 tons of inflows into US warehouses, daily exchange data showed. Copper inventories outside the US have declined in recent months as traders diverted shipments to the country ahead of potential tariffs on refined copper imports, helping prices to a record ...
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