Copper hits 10-day low on profit-taking as supply worries ease
LONDON: Copper prices eased to their weakest in 10 days on Thursday, hit by profit-taking on reduced worries about supply, a sell-off in AI stocks, along with concerns about rising inflation and interest rates. Benchmark three-month copper on the London Metal...
LONDON: Copper prices eased to their weakest in 10 days on Thursday, hit by profit-taking on reduced worries about supply, a sell-off in AI stocks, along with concerns about rising inflation and interest rates. Benchmark three-month copper on the London Metal Exchange shed 1.2% to $14,314 a metric ton by 1030 GMT after touching the lowest since October 5 at $14,289. “Two things are happening at the same time: the ea...