MB: LME copper falls on weak Shanghai, stronger US dollar
Copper prices fell in pre-market trading on the London Metal Exchange on Monday following falls in Shanghai overnight and pressure from a stronger US dollar. Three-month copper opened lower at $6,198 per tonne compared with $6,305/10 per tonne in the official session on Friday. “It followed Shanghai this morning. Everything opened on the back foot, but we’re hanging on in there,” a category I trader told MB. Copper futures on the Shanghai Futures Exchange fell limit down on fresh oversupply concerns at one point as expanding inventories and growing production in China fuelled concern that supply will outpace demand,
