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Copper Falls From Two-Week High on Outlook for Fed Stimulus Cut

Copper declined from the highest in two weeks on concern that the U.S. Federal Reserve may start tapering stimulus in coming months, reducing the demand prospect for the metal.

The contract for delivery in three months on the London Metal Exchange lost as much as 0.3 percent to $7,075.25 a metric ton and was at $7,081 per ton.

Copper for delivery in February on the Shanghai Futures Exchange rose 0.4 percent to 50,690 yuan ($8,320) a ton. The contract for delivery in March was little changed at $3.227 a pound on the Comex in New York.