Copper prices fell as rising stockpiles and a drop in the premium for directly available metal signalled a supply squeeze on the London Metal Exchange may be easing.
Inventories in LME-registered warehouses rose to 120,075 tonnes from 116,872 tonnes on Wednesday, the lowest since 2008.
Stockpiles in Shanghai Futures Exchange warehouses have more than doubled to 227,049 tonnes Warehouse stock for Copper at LME was at 120075mt that is up by 3200mt.
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