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Copper extends decline from record high as investors shift to risk-off positioning
Copper continued to pull back on Monday for a second straight session as investors moved into risk-off mode after Kevin Warsh’s nomination as the next Fed chair, while demand was also subdued in the run up to China’s Lunar New Year break. The most-active copper contract on the Shanghai Futures Exchange slumped 7.60% to 100,110 yuan ($14,401.00) a metric ton as of 0330 GMT. The benchmark three-month copper on the London Metal Exchange dropped 2.73% to $12,798 a ton.Copper is taking hits after it set record highs on both exchanges on Thursday, touching 114,160 yuan in Shanghai and $14,527.50 in London, supported by ... (full story)
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- Feb 2, 2026 12:25am Posted byFundamental Analysis191
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