Copper Swings, Conflicted by Poor Chinese Data and Grasberg Shutdown

Reuters reported that copper continues to swing, today pulled back by weak economic data from China, calling into question the major consumer’s demand.

As quoted in the market report:

Three-month copper on the London Metal Exchange hit its highest since May 22 at $7,480 a tonne, before trimming gains to $7,446 by 1019 GMT. It closed at $7,455 on Tuesday.

To view the whole Reuters report, click here.