Copper Caps Biggest Monthly Drop Since May as Metal Demand Slows
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Copper fell in London, capping the biggest monthly drop since May, as signs of slowing industrial growth eroded demand prospects. Metals including tin and zinc also slumped.
Japanese industrial production rose less in March than estimated by economists in a Bloomberg survey, and South Korean output slid the most in a year, reports showed. Business activity in the U.S. unexpectedly shrank in April for the first time in more than three years. Copper stockpiles tracked by the London Metal Exchange climbed for a seventh month in a row.