Copper
Meger and Commerzbank also cited recent declines in LME warehouse copper stocks. A research note from Commerzbank said the 7,425-metric-ton drawdown on Friday was only topped one other time in the last four years, when 100 more tons were withdrawn on a single day last May. LME inventories, currently at 608,700 tons, have shown some signs of easing after previously running up for weeks.
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