Bloomberg News

Copper Declines for the First Day in Four, Paring Weekly Advance

June 30, 2011

July 1 (Bloomberg) -- Copper in London dropped for the first time in four days, paring a weekly increase, as some investors sold the metal to lock in gains after the metal climbed to a two-month high yesterday. Zinc and lead also declined.

Three-month delivery copper on the London Metal Exchange fell as much as 0.6 percent to $9,375 a metric ton, and last traded at $9,383 by 8:04 a.m. Singapore time. The metal, which reached $9,430.15 a ton yesterday, is 3.7 percent higher this week, set for its best week in 12.

To contact the editor responsible for this story: Glenys Sim at gsim4@bloomberg.net


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