Copper Heads for Worst Month Since October on Demand Concern
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Copper was poised for the biggest monthly decline since October as weakness in Japanese and South Korean industrial output added to global demand concerns.
Copper for delivery in three months on the London Metal Exchange fell as much as 0.7 percent to $7,104 a metric ton and was at $7,154.75 at 2:05 p.m. in Tokyo. The metal has retreated 5.1 percent this month. Futures for delivery in July on the Comex rose 0.4 percent to $3.239 per pound. Markets in China are closed through May 1 for public holidays.