Most Base Metals Drop for Second Day on Rising Supplies
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Most industrial metals fell after Rio Tinto Group said copper production is rising and Goldman Sachs Group Inc. forecast commodities will decline over the next five years on increasing supplies.
Copper for delivery in three months on the London Metal Exchange retreated as much as 0.5 percent to $7,042 a metric ton, the lowest price since July 2, and was at $7,049 by 3:13 p.m. in Hong Kong. The metal has lost 4.2 percent this year, the most among the six main metals on the bourse.