Copper Declines for the First Day in Four After Rallying to Two-Month High

Copper in London dropped for the first time in four days, paring a weekly increase, as some investors sold the metal to lock in gains after the metal climbed to a two-month high yesterday. Zinc and lead also declined.

Three-month delivery copper on the London Metal Exchange fell as much as 0.6 percent to $9,375 a metric ton, and last traded at $9,383 by 8:04 a.m. Singapore time. The metal, which reached $9,430.15 a ton yesterday, is 3.7 percent higher this week, set for its best week in 12.

To contact the editor responsible for this story: Glenys Sim at gsim4@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.