LME copper inventories have been shrinking price risingAt the London Metals Exchange copper stocks have been decreasing last one year over all, while the Chinese have been hoarding. World mine supply has decreased as cutbacks in production due to previously low copper prices..
Markets are now recognizing copper the supply decrease. Chinese buying/hoarding are steadily going to drive copper prices higher.
LME Inventory
LME 1 year copper PRICE