Copper Drifts Toward Third Weekly Fall, Prices Break Below $10,000 Per Ton

COPPER - LONDON. Copper prices in London headed for the third weekly fall on Friday and broke below a major level of $10,000 per metric ton after mixed trade data from top metals consumer China.

Three-month copper on the London Metal Exchange lost 2.0% to $9,950 per ton in official open-outcry trading. The metal is down 0.8% this week, having shed 10% since hitting a record high of $11,104.5 on May 20.