Copper Dropped 0.6% Over Weaker Demand

Bloomberg reported that copper dropped 0.6 percent on concerns over weaker demand due to high inventories in Shanghai.

As quoted in the market news:

Three-month copper on the London Metal Exchange lost as much as 0.6 percent to $8,520 a metric ton and traded at $8,531 by 1:49 p.m. Shanghai time. The June-delivery contract traded little changed at 60,250 yuan ($9,533) a ton on the Shanghai Futures Exchange.

Click here to read the full Bloomberg report.