Copper slips from multi-year highs on profit taking

<p style="text-align: center;"><img title="1606959033569783.jpg" alt="8.jpg" src="/ueditor/php/upload/image/20201203/1606959033569783.jpg"/></p><p>Copper&nbsp;fell on Wednesday, as investors booked profits after prices rallied to multi-year highs in the previous session on coronavirus vaccine hopes and strong economic data from China.<br/><br/>Three-month copper on&nbsp;the London Metal Exchange&nbsp;fell 0.4% to $7,666.50 a tonne by 0256&nbsp;GMT, retreating from $7,743 a tonne, a level unseen since March 2013, that was hit on Tuesday.<br/><br/>The most-traded January copper contract on&nbsp;the Shanghai Futures Exchange&nbsp;slipped from an over eight-year high to trade at 57,190 yuan ($8,720.65) a tonne, down 0.2%.<br/><br/>Both contracts have had strong rallies as investors were bullish about a global economic recovery following COVID-19 vaccine developments and positive manufacturing data coming out of top copper consumer China.</p>