Copper Falls As Production Continues in Indonesia

Copper falls as production resumes in the Freeport McMoRan Copper & Gold Inc.'s Grasberg mine located in Indonesia. The mine had been a target of protestors for the past three days, who have now lifted their blockade. The mine produces approximately 4% of the world's copper. Declines in the contract may be limited, as global stockpiles are considered low. Inventories of copper monitored by the LME, Comex and the Shanghai exchange dropped last week to 201,886 tons, as of Feb. 24. Read More....