Copper slips as subdued demand, high inventories weigh

LONDON: Copper fell on Thursday, giving up some gains from the previous session as rising inventories and subdued ​demand due to the holiday in top metals consumer China weighed on prices. Benchmark three-month copper on the London Metal Exchange edged down 0.7 percent to $12,816 a metric tonne as of 1:10 p.m. Saudi time, after a 2.3 percent jump on Wednesday. The Shanghai Futures Exchange is closed until February 23 for Lunar New Year, ‌with Chinese traders ‌largely out of the market.

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