Copper Declines as China Concern Clouds the Outlook for Demand
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Copper fell in London on lingering concern demand will weaken as the economy slows in China, the world’s biggest consumer of the metal.
China may have difficulty realizing a 7.5 percent growth target for this year, 21st Century Business Herald reported today. The economy may expand less than 7 percent in 2013, Bank of Singapore said this week. Growth will slow at least through 2015, according to forecasts compiled by Bloomberg. Some traders sold copper to capitalize on gains, according to Barclays Plc.