Copper Eases After Rallying Toward Record on Supply Concerns

Copper pared gains after surging near a record high aided by a weaker dollar and supply concerns.

Benchmark futures on the London Metal Exchange rose as much as 2.5% to $13,323 a ton in London before giving up some of the advance. Comex copper pared gains after rallying to more than $6 a pound earlier. Other base metals on the LME also saw a pullback after a broad rally that sent aluminum and tin to the highest since 2022.