Copper is tumbling following a report that Trump will wait on infrastructure spending
Feb 23, 2017, 21:27 IST
Front-month copper futures are down 2.3% at 2.670 per pound following an Axios report that Trump may not take action on his proposed $550 billion infrastructure promise until 2018.
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Thursday's slide has pushed copper prices down to their lowest level in two weeks, but prices remain well above their late October levels.
Copper has soared more than 27% since October 24 as traders began to price in the possibility that Trump's proposed plan for infrastructure would lift demand for the metal.
