Rising Stockpiles Halt Copper’s Rally

Copper futures lost their upward momentum on Tuesday, sending the red metal’s value down across the globe. The sudden stop of the metal’s recent ascent marked the close of copper’s fastest rally on record.

Copper futures lost their upward momentum on Tuesday, sending the red metal’s value down across the globe. The sudden stop of the metal’s recent ascent marked the close of copper’s fastest rally on record. Benchmark copper or delivery in three months on the London Metal Exchange edged down to US$ 7,555  per tonne from Monday’s US$ 7,567.50 per tonne.