Copper Stumbles As Funds Liquidate Amid Rate Worries

COPPER - LONDON. Copper prices slid on Thursday as funds sold off bullish positions, triggered by concerns that high interest rates are curbing metals demand, particularly in top consumer China.

Three-month copper on the London Metal Exchange dropped 2.9% to $10,153 per metric ton by 1600 GMT, moving further from a record peak of $11,104.50 touched last week.