World Economy

London Copper Slips

London Copper SlipsLondon Copper Slips

London copper fell on Monday from four-month highs hit on Friday as traders took profits following last week’s rally on concerns that prices had overshot fundamental demand, Reuters reported. A resurgent risk appetite last week only grew stronger after a solid US jobs report for February. Three-month copper on the London Metal Exchange slipped 1.3% to $4,960 a ton, paring a 3.5% advance from the previous session when it struck its loftiest since Nov. 5 at $5,059 a ton. Shanghai Futures Exchange copper traded up 1.3% at 38,010 yuan ($5,837) a ton, having pared earlier gains of more than 3%.