Spot copper averaged $3.1058 during May, down 41.34¢, or 11.7% from $3.5192 in April, but was up 99.97¢, or 47.5% from $2.1061 last May.
The year-to-date average now stands at $3.2955, up $1.5247,
or 86.1% over $1.7708 during the first five months of 2009.
Inventories of copper held in Comex and London Metal
Exchange (LME) warehouses fell 22,118 MT, or 3.7% to 568,924 MT at the end of
May, but are up 206,135 MT or 56.8% from 362,789 MT last May.
more information, visit www.copperjournal.com
to download the chart in pdf form.
statistics and charts for other base and precious metals are also available.
The Copper Journal Monthly Report - May 2010
June 3, 2010