Copper Falls to Five-Month Low in N.Y. on Concern Demand to Ebb
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Copper fell to a five-month low in New York on concern that demand for industrial metals may slow as countries including China boost interest rates to curb inflation.
China, the world’s largest copper buyer, has raised borrowing costs four times since October. The Philippines and Malaysia joined India and Vietnam in raising rates this week. Copper has dropped 15 percent since reaching a record $4.6575 on Feb. 15.