Copper retreats from two-year high on profit-taking, hedging

Capt. John

Copper prices retreated on Tuesday on profit-taking by funds and hedging by producers after a speculation-led rally sent the market to a two-year high. Three-month copper on the London Metal Exchange CMCU3 was down 1.3% at $9,709 per metric ton by 1054 GMT. It touched $9,988 a ton on Monday,...

https://www.hellenicshippingnews.com/copper-retreats-from-two-year-high-on-profit-taking-hedging/

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