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fiatboy
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912 Posts |
 Posted - 12/22/2007 : 02:12:05
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Copper Jumps Most in 5 Weeks on Chinese Demand, Inventory Drop
By Millie Munshi
Dec. 21 (Bloomberg) -- Copper surged 4.5 percent, the most in five weeks, after metal inventories in China slumped amid rising demand.
Stockpiles monitored by the Shanghai Futures Exchange dropped for a sixth straight week to 25,722 metric tons, the lowest since February. Chinese copper use jumped 38 percent in the nine months ended Sept. 30, the International Copper Study Group said yesterday. Copper futures have more than doubled in the past three years as Chinese consumption surged........
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"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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Copper jumps a little
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