Copper drops to $ 10,199 per tonne as China’s coal price drops
The price of copper fell on Wednesday as China’s pledge to lower coal prices allayed concerns about a disruption in the supply of metals and as investors turned profits after recent large gains. Copper CASH on the London Metal Exchange plunged 7.2% overnight, wiping out Monday’s gains . China’s National Development and Reform Commission said it was evaluating measures to intervene on prices and had “zero tolerance” for those who spread false information or collude in the market. The agency added that China plans to increase its coal production to 12 million tonnes per day…
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