Copper Set for Fourth Weekly Decline on China Inventory Concerns
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Copper fell for the first time in four days, heading for a fourth weekly drop, on concern that a pickup in China’s economy may fail to pare inventories.
Metal for delivery in three months declined as much as 0.7 percent to $7,770.75 a metric ton on the London Metal Exchange and traded at $7,779.50 at 2:17 p.m. Shanghai time. The metal is poised for a 0.5 percent loss this week.