Copper Retreats From Record Close as Purchases in China Slow

Copper retreated from a record-high 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.

The red metal fell as much as 1.9% 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 sector following a surge in related stocks.