Copper in London May Trim First Weekly Gain in Four as Some Investors Sell
Copper, trading little changed in Asia, may pare its first weekly advance in four weeks as some investors sold the metal to lock in gains following its climb to a three-week high.
The metal for three-month delivery traded at $8,718 a metric ton by 9:05 a.m. Singapore time, and may snap a three-day rally after reaching $8,751.50 a ton yesterday, the highest price since Nov. 12.
Copper is up 5.7 percent this week, the best performance since the week ending July 23, after reports showe3d manufacturing in China, the U.S. and Europe expanded, adding to signs of a revival in demand.
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