Copper Falls to One-Week Low as Slowing Economy May Curb Demand
This article is for subscribers only.
Copper fell to a one-week low on concern that the global economic recovery may be faltering as manufacturing slows from China to the U.S., the world’s largest metals buyers.
Manufacturing in the U.S. grew at the slowest pace in more than a year last month, and more Americans than forecast filed applications for unemployment benefits last week. China said industrial production was the weakest since August. Copper prices have dropped 12 percent from a record in February.