Copper is trading at $6.37, down 3.04%, as reports attributed its November 3 retreat to investors reducing industrial-metals exposure ahead of the U.S. midterm elections.
- A stronger dollar made dollar-priced copper more expensive for Chinese buyers.
- Chinese demand remained restrained by high prices and premiums; tight supply and lower inventories helped limit losses.
- Available reporting did not establish a company-specific catalyst or provide trading volume.