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London copper eases as pandemic hits demand, supply worries cap losses
London copper prices eased on Wednesday from a three-week high hit in the previous session as the new coronavirus pandemic continued to dampen demand, but suspensions of mining operations in Africa and Latin America lent some support. Three-month copper on the London Metal Exchange (LME) was down 0.1% at $5,036 a tonne, as of 0430 GMT, after dropping as much as 1.5% earlier in the session. The most-traded copper contract on the Shanghai Futures Exchange (ShFE) rose 0.2% to 40,720 yuan ($5,762.32) a tonne. Sentiment took a hit as Spain reported higher coronavirus-related deaths for the first time in five days on ... (full story)