Copper Falls Most in Five Weeks as China Services Measure Slumps
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Copper fell the most in five weeks in New York after a gauge of Chinese service industries reached a four-month low and U.S. car sales trailed estimates in December, fanning concern that demand will weaken.
A services gauge from China’s statistics bureau and logistics federation dropped to 54.6 last month, after separate data released this week showed manufacturing expanded at a slower pace. Ford Motor Co. and Chrysler Group LLC said sales rose less than analysts estimated, while receipts at General Motor Co. and Toyota Motor Corp. slid. Tin fell to a four-month low on the London Metal Exchange.