Copper Falls Most in Three Weeks on China Inflation Data
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Copper fell the most in three weeks as China’s inflation accelerated more than forecast, fueling speculation that the government will curb economic stimulus.
China, the world’s biggest user of industrial metals, said today that consumer prices gained 2.5 percent last month from a year earlier. The median estimate in a Bloomberg survey of analysts was 2.3 percent. Copper also slid as stockpiles monitored by exchanges in London and Shanghai reached the highest since at least April.