| Copper slid on Tuesday after producer hedging, a firm dollar, profit-taking and rising inventories sparked a sharp sell-off, but further losses are likely to be limited due to funds waiting to buy at lower prices.
Benchmark copper on the London Metal Exchange ended down 1.5 percent at $4,817 a tonne. The metal used in power and construction hit a two-month high of $4,960 on Monday, a rise of seven percent since June 9. Traders said higher prices had encouraged producers to take the opportunity to sell future output...............................................Full Article: Source
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