Insight - Bears tiptoe back into copper market

Falling prices: A worker coils copper wire rod in a refinery. The industrial metal has spent the last few weeks hanging in suspended animation, the price too high for buyers to chase the market, supply too tight for sellers to risk shorting it. — Bloomberg

COPPER prices were under pressure Monday morning, with London Metal Exchange (LME) three-month metal falling below the US$10,000 (RM43,500) per tonne level for the first time in a month.

Copper has spent the last few weeks hanging in suspended animation, the price too high for buyers to chase the market, supply too tight for sellers to risk shorting it.