Copper pulls back from near 5-month high on profit-taking – Markets

LONDON: Copper prices retreated from the highest in nearly five months on Thursday as investors locked in profits from a rally ahead of year-end.

Aluminium also pulled back after a fresh build-up of inventories, highlighting potential oversupply.

Three-month copper on the London Metal Exchange was down 0.7% at $8,634 per metric ton by 1115 GMT, erasing gains after touching $8,716, its highest…