Copper Retreats From Record Close as Purchases in China Slow

Copper retreated from a record close as the rally started to deter purchases in China, where investors were monitoring the summit between Chinese leader Xi Jinping and US President Donald Trump.

Futures fell 1.5% on the London Metal Exchange on Thursday, snapping an eight-day rally that had been spurred by mounting supply risks from mine disruptions around the world and bets on demand from the artificial intelligence boom, following a surge in tech stocks.