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Copper prices slip after hitting fresh two-year high
Copper prices in London fell on Tuesday after four sessions of gains amid slower manufacturing activity growth in top consumer China, but were on track for their largest monthly jump in more than three years amid concerns about tight supply. Benchmark copper on the London Metal Exchange (LME) was down 0.4% to $10,093 a metric ton by 1007 GMT after hitting a fresh two-year high of $10,208 in early trading. Prices are on track for a 14% gain this month, their best since February 2021, as BHP Group’s bid for Anglo American brought worries of future supply tightness amid rising demand from energy transition and ... (full story)