Copper slides in broad metals tumble; rising inventories in focus | Metals Mine

  • Copper slides in broad metals tumble; rising inventories in focus

    From brecorder.com

    Copper fell sharply on Thursday, extending losses across precious metals, as rising inventories and a stronger US dollar raised demand concerns. The most-active copper contract on the Shanghai Futures Exchange closed daytime trading down 3.76% at 100,980 yuan ($14,548.96) a metric ton. The benchmark three-month copper on the LME fell 0.92% to $12,925 a ton. Copper had rebounded since Tuesday from a two-session slump in the commodities market, supported by China’s plan to expand its copper strategic reserves. The metal joined a broader rout across asset classes, including precious metals, with Shanghai copper ... (full story)

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