S.Korea Raises Stock Targets of Copper, Tin

Feb. 25 -- South Korea will raise its inventory targets for copper and tin to a respective 80 and 75 days of import demand from the previous 60 days, the state-run Public Procurement Service (PPS) said on Wednesday.

Asia's fourth-largest economy will also increase stock targets of rare metals including cobalt, bismuth, indium, tantalum and lithium, the PPS said in a statement.

But it will lower stock targets of aluminium and lead to 40 days of import demand from the previous 60 days.

The PPS said last December that South Korea, heavy dependent on resource imports, would hike inventories of copper, tin and lithium in 2011 in anticipation of strong demand fuelled by economic growth in China.