| Copper and most other industrial metals retreated on Wednesday from recent peaks as copper demand in China falters. Some investors also regard the base metals sector's recent strong gains as outpacing supply and demand fundamentals.
The index of six base metals traded on the London Metal Exchange had rallied 13 per cent from lows in mid-March until Tuesday, when zinc hit its highest price in eight months and copper its strongest since mid-December. "I do think in general they've moved a bit too far too soon. The sector is overdue a correction," said Stephen Briggs, metals strategist at BNP Paribas in London...............................................Full Article: Source
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