Copper Slumps From Record as Rapid Rally Fuels Profit-Taking

Bloomberg Copper slid from a record high, declining along with other industrial metals, as traders booked profits from a swift run-up in prices. Futures for copper, nickel and zinc were all down more than 2% towards the close of trading on the London Metal Exchange, trimming sharp gains seen over the past couple of weeks as a broad-based flood of investment in China’s domestic metals markets pushed prices up. Most Read from Bloomberg While many traders and investors have bullish long-term views on the ...