Copper Futures Set for Biggest Weekly Loss Since March
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Copper in New York fell, capping the biggest weekly loss since March, amid concern that a warehousing probe in China will curtail use of the metal in finance deals.
China’s Qingdao Port is looking at whether companies offering copper as collateral for loans counted the same batches more than once. Macquarie Group Ltd. said any lending curbs stemming from the review may weigh on prices, which lost 2.3 percent this week, the most since March 14.