Global exchange copper stocks sinking to 15-year lows

The drain on LME copper stocks is puzzling given weakening manufacturing activity in both Europe and the United States. — Reuters

THERE’S a renewed scramble for copper sitting in London Metal Exchange (LME) warehouses.

Headline LME copper stocks have slid from 100,100 tonnes to 77,050 over the last three weeks despite almost 30,000 tonnes of arrivals.