Copper Down Slightly at $7,193.75 a Tonne

Three-month copper was down 0.1 percent, or $7.20, at $7,193.75 per tonne this morning, according to The Wall Street Journal. Meanwhile, copper for March delivery on the COMEX in New York was up 0.3 percent, or $0.095, trading at $3.295 a pound.

The market is lacking direction today due to the fact that investors are behaving cautiously ahead of release of minutes from the US Federal Reserve’s January meeting. They are due to be put out later in the day.