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Why One Firm Would Buy Over Half the LME’s Copper Stocks

It's unclear why a single buyer — rumored to be London's Red Kite Group — is holding such a large amount of the copper stocks in LME warehouses, but that statistic has certainly caught the attention of investors and analysts.

Copper Prices Steady Following Earlier Gains

The red metal rebounded from a three-month low today after the release of positive manufacturing data from China, but finished flat overall. Copper futures for delivery in three months on the London Metal Exchange lost 0.1 percent and finished at $6,720 per tonne, while futures on the New York COMEX dipped 0.1 percent to finish at $3.035.

Nevada Copper Reaches Milestone with Passing of Lyon County Land Bill

It's been a couple of years coming, but with today's passing of the Lyon County Land Bill in the US House of Representatives, Nevada Copper is one step closer to permitting Stage 2 of its Pumpkin Hollow project. The Northern Nevada Land Conservation and Economic Development Act, which includes the Lyon County bill, was passed unanimously on Monday.