Copper Slumps From Record as Rapid Rally Fuels Profit-Taking

Copper slid from a record high, declining along with other industrial metals, as traders booked profits from a swift run-up in prices.

Futures for copper, nickel and zinc declined more than 2% at the close of trading on the London Metal Exchange, trimming sharp gains seen over the past couple of weeks as a broad-based flood of investment in China’s domestic metals markets pushed prices up.