NORTH AMERICAN MORNING BRIEF 10/05: Falling LME stocks boost copper price; LME warehouses in China remain "top priority"

By Justin Yang / May 10, 2018 / www.metalbulletin.com / Article Link

The latest metal markets news and price moves to start the North American day on Thursday May 10.

Copper prices rallied to a three-week high on the London Metal Exchange during morning trading on Thursday May 10, with falling stocks continuing to boost prices.On-warrant stocks for the red metal now sit at 230,575 tonnes after 15 consecutive days of decline - leaving available stocks at their lowest since January 24. "Falling inventories added support to base metals. Copper inventories fell down 3.2% with most of the outflow occurring in Asian LME warehouses," ANZ Research...

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