| Heavyweight mining stocks slumped back yesterday as investors took profits after a post-US election bounce in metals prices lost momentum. Investors had piled into miners and industrial metals on bets Donald Trump will drive through an infrastructure bonanza in the US, last week, triggering copper’s best performance since 2011.
The red metal’s advance was halted, with prices slipping back 3.2 per cent to $5,360 a tonne on the London Metal Exchange. Speculators had cashed out of commodities futures markets in China earlier in the day amid jitters that regulators might clamp down on price swings...............................................Full Article: Source
|