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London copper eases on rising LME stocks, demand worries
SINGAPORE: Copper prices in London softened on Monday, weighed down by a buildup in warehouse stocks that eased supply worries and on concerns about high energy prices. Benchmark three-month copper on the London Metal Exchange was down 0.56% at $14,242.5 a metric ton by 0300 GMT. The most-traded copper contract on the Shanghai Futures Exchange rose 0.55% to 108,720 yuan ($16,299.36) a ton, tracking Friday’s overnight LME gains. Copper stocks in LME warehouses surged last week to their highest levels since July, after a batch of deposits into LME-registered warehouses, mostly located in North A...
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