J.P. Morgan Chase & Co. (NYSE: JPM - News) has emerged as the mystery buyer of more than $1 billion of copper, accounting for more than 50% of all the metal stored in official London warehouses and stoking worries about an impending supply shortage. The New York bank's purchases have caused a stir in commodities circles in recent weeks. The London Metal Exchange late last month revealed a buyer had snapped up a large chunk of the exchange's copper stockpiles, leaving some to question whether a trader was trying to corner the market for the metal.
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