Commodities
Copper Retreats from Record Highs Amid Supply Concerns
Copper futures have retreated from record highs after reaching $6.6 per pound last week.
The decline comes as traders take profits while considering signs of tightening global supply.
Concerns over potential supply disruptions from the Democratic Republic of Congo's copper concentrate export ban have eased, with Goldman Sachs stating it expects no significant impact on global copper balances.
However, uncertainty remains regarding possible US import tariffs on copper, which are redirecting metal from international markets into US warehouses.