Copper cooled after briefly touching its highest since late-March in London, as traders weighed the outlook for supply and demand in top market China.
The wiring metal gained 3% in August, and has posted a decent start to September, surfacing above $10,000 a ton in intraday trading on Tuesday and Wednesday. Analysts say a weak dollar and the prospect of US interest rate cuts have lent support, but there’s also a focus on the state of the Chinese market.