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Copper eases from near-four month peak

Tuesday, 5 December 2023



BEIJING, Dec 4 (Reuters): London copper prices slipped from a near four-month high on Monday as the US dollar strengthened but supply worries amid production disruption in the Cobre mine in Panama capped further losses.
Three-month copper on the London Metal Exchange was down 0.4 per cent to $8,579.50 per tonne by 0147 GMT. The contract hit $8,640 per last Friday, its highest since Aug. 4.
The dollar index bounced on Monday, as geopolitical tension in the Middle East returned to focus and investor caution against a key employment report later this week.
A stronger dollar makes it more expensive to buy the greenback-priced commodity.