US copper finished with steep losses on Tuesday after a profit-taking session pulled prices off the two-week highs set earlier, and with little else to drive prices, traders said equity market declines sent copper down to session lows. Copper for July delivery fell 6.15 cents, or 2.87 percent, to end at $2.0825 a lb on the New York Mercantile Exchange's COMEX division.
Session ranged slipped to a low at $2.0645 from an early peak at $2.1770, its highest level since April 20. COMEX copper stocks were even at 48,056 short tons as of Monday.