Copper, Aluminum Fall to Three-Month Lows on China Data
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Copper and aluminum fell to three-month lows on signals that manufacturing may sag in China, the world’s biggest consumer of industrial metals.
Two gauges of Chinese manufacturing showed a pace of expansion that was lower than analysts estimated, signaling the nation’s economic recovery may be losing steam. Combined copper inventories monitored by exchanges in Shanghai, London and New York have climbed to the highest since May 2010.