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He said that as of now world copper inventory amounts to less than four weeks of supply, a low not seen since 1996. Turning to the balance sheet, internal inventories increased in line with our higher shipping rate, leaving weeks of supply roughly flat with the prior quarter at about 10 weeks," stated Frey. We managed our sales into the channel to this level of re-sales, resulting in a slight decrease in absolute inventory levels for approximately flat weeks of supply in the channel compared to the prior quarter. |
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