China reveals its copper inventories stood at 1.9M tons - roughly the amount the U.S. consumes...

|By:, SA News Editor

China reveals its copper inventories stood at 1.9M tons - roughly the amount the U.S. consumes in a year - at the end of 2010, nearly double what had been estimated, and suggesting demand for the metal there has been lower than assumed. It's a rare bit of solid data from Beijing, which usually keeps this info under wraps.