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Copper falls as inventories rise, supply worries ease
LONDON: Copper prices dropped on Wednesday after inventories rose and worries over supply declined despite record premium offers from producers for next year’s physical deliveries. Three-month copper on the London Metal Exchange was down 0.7% to $14,319.50 a metric ton by 1040 GMT, having slipped from its highest in three weeks at $14,700 touched on October 14. LME inventories climbed by 11,475 tons, data showed on Wednesday, having gained 8% in a week. Available stocks, those not earmarked for removal from warehouses, have also made sharp gains, up 40% in the same period. “At this price level...
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