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Copper rally pauses, downside risks start to build
Copper prices fell in London on Friday, stepping away from a 14-month high hit in the previous session as the market focused on crucial U.S. jobs data due later in the day. Three-month copper on the London Metal Exchange (LME) fell 0.3% to $9,332.5 per metric ton by 1000 GMT. Copper prices hit $9,397.5, the highest since January, 2023 on Thursday. “Copper has done a lot recently and the rise has been rapid, so even if it continues going up in the short term, downside risks are starting to build,” said Dan Smith, head of research at Amalgamated Metal Trading. Better-than-expected manufacturing activity data from ... (full story)