Copper Falls on European Woes, U.S. Fiscal-Cliff Concerns
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Copper futures fell for the first time in three days on signs of a deepening slump in Europe and concern that the so-called fiscal cliff will hinder an economic recovery in the U.S.
Euro-area industrial production in September dropped the most in three years, led by double-digit declines in Portugal and Ireland, data showed today. President Barack Obama is negotiating to reach a deficit-reduction deal with Congress to avert $607 billion in automatic tax increases and spending cuts.