Copper Falls Most in a Week on China Manufacturing Data

Copper dropped by the most in a week, leading industrial metals lower, after a manufacturing gauge for China declined more than estimated, damping demand prospects in the world’s biggest user of metals.

The contract for delivery in three months on the London Metal Exchange retreated as much as 0.9 percent to $7,117.50 a metric ton, the biggest loss since Feb. 13, and was at $7,127 at 4 p.m. in Tokyo. Copper has fallen 3.2 percent this year, extending a 7.2 percent slump last year.