London Copper Falls 0.56% as LME Stocks Rise and Demand Worries Persist
Three-month LME copper was down 0.56% at $14,242.5 a metric ton by 0300 GMT on Monday. Rising warehouse stocks eased supply worries, while concerns about high energy prices also weighed on prices.
By Solomon CefaiCopper prices in London softened on Monday, weighed down by a buildup in warehouse stocks that eased supply worries and on concerns about high energy prices.Benchmark three-month copper LME:CA1! on the London Metal Exchange was down 0.56% at $14,242.5 a metric ton by 0300 GMT.The mo…