Copper $ 5.359 / lb -2.36%
Brent Crude Oil $ 61.12 / bbl -0.78%
Palladium $ 1542.7 / ozt 0.44%
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Micro Gold Futures $ 4360 / ozt 0.37%
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Platinum $ 1762.5 / ozt 2.89%
Gold Futures $ 4328.3 / ozt 0.45%
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Copper market expects squeeze, big holding appears

sharenet | July 02, 2012 | 4:33 pm Base Metals Asia China Copper 

Traders are bracing for a replay of the April squeeze that made copper expensive to obtain quickly, saying major trader Glencore controls almost half the inventories of the commodity held in London Metal Exchange-registered warehouses worldwide.

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