Copper, Aluminum, Lead Drop in London as Stockpiles Expand

Oct. 18 -- Copper, aluminum and lead declined in London after an expansion in stockpiles, signaling demand may be dwindling. Copper for delivery in three months on the London Metal Exchange fell $5, or 0.1 percent, to $7,960 a metric ton as of 6:14 a.m. local time. Combined stockpiles of the metal monitored by exchanges in London, New York and Shanghai are at their highest since Sept. 12. Aluminum dropped $4 to $2,506 a ton, lead declined $15 to $3,535 a ton and zinc fell $19 to $2,956. Tin was unchanged at $16,400 a ton and nickel was unchanged at $31,800 a ton.