Copper Tumbles Most in Five Weeks on Slowing Growth Concerns

Copper prices fell the most in five weeks after reports signaled a deteriorating economic outlook in China and the U.S., the world’s top metals buyers.

Equities fell around the world after the Conference Board revised lower its leading economic index for China, pointing to slowing expansion. U.S. consumer confidence fell to the lowest level since March, the New-York based research group said in a separate report. Copper is headed for a third straight monthly loss on concern that the global recovery is faltering.