Copper for December delivery on the Comex division of the New York Mercantile Exchange dropped 5.55 cents or 1.8% to $3.0610 per lb.
"Consolidation continues, partly because prices have run ahead of the fundamentals but also due to expectations that Chinese growth will moderate in the short term," Metal Bulletin analyst James Moore said.
"We maintain our view that while prices are in an area of...
