Copper prices retreated to a two-week low on Wednesday as investors awaited more details from an upcoming meeting by Chinese smelters to cut production. Three-month copper on the London Metal Exchange (LME) was down 0.7% at 8,802$ per metric ton by 1218 GMT. It dipped to $8,792.5 earlier in the session, the lowest since March 13. LME copper soared to an 11-month high of $9,164.50 on March 18 after top Chinese smelters announced plans for joint production cuts, but did not provide details of the extent or timing of any suspensions. “The copper rally after Chinese smelters’ plans to cut was slightly overbought,” said ... (full story)