Comex copper prices failed to hold onto Friday's gains with the market pausing the uptick after a fresh set of material inflows across Europe and Asia.
Copper for July settlement on the Comex division of the New York Mercantile Exchange fell 0.90 cents or 0.3% to $3.1015 per lb. On Friday, the contract touched a high of $3.1265, the highest since April 27. "We expect a rebound in copper prices in the second quarter," Metal Bulletin analyst Boris Mikanikrezai said. "While...