Copper demand is rising: Glencore Xstrata

Aug 20, 2013 | 04:48 PM |

Tags  Copper, copper demand, copper inventories, Glencore Xstrata, Telis Mistakidis

LONDON — Copper stocks on major metal exchanges are down, indicating strong demand, Glencore Xstrata Plc head of copper Telis Mistakidis said during the company’s first-half earnings conference call.

London Metal Exchange copper inventories are about the same as they were at the beginning of the year, he said, but they have fallen markedly on the Shanghai Futures Exchange and Comex. ....

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