LME Cu above $10,000/t in early trade on falling stocks

摘要

Copper prices on the London Metal Exchange (LME) climbed above $10,000/t during intra-day trade for the first time in four months as warehouse inventories significantly depleted today. The three-month copper contract hit a high of $10,186/t during the morning session, the first time the red metal has been above $10,000/t since mid-July. Prices have been supported by a continued drawdown in warehouse stocks in recent weeks.