Copper Declines in London as Freeport Exports May Swell Glut

Updated on
  • Indonesia approves renewal of export license from Grasberg
  • Other industrial metals gain as U.S. equities increase

Copper posted the biggest two-day drop since September on concern that exports from Freeport-McMoRan Inc.’s Indonesian mine, the world’s second-largest for the commodity, will add to an oversupplied market.

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