copper biggest inventory drop since 02

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    LME inventories of the metal, used in water pipes and electrical wiring, were down 1.4 percent at 372,850 tons, the lowest since March 2001. Inventories of off-warrant copper, which is due to be delivered and unavailable to the market, comprised 33 percent of the total.

    ``The Chinese will come back tomorrow,'' said Tim Tu, president of Unite Metals Enterprise Co. Ltd., a trading company in Taiwan. ``Their appetite for metal will probably be very helpful to the market.'
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