Copper Falls to Eight-Month Low on U.S. Equipment Orders
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Copper futures fell to an eight-month low as orders for business equipment unexpectedly dropped in the U.S., the world’s second-biggest consumer of the metal.
Orders for non-military capital goods excluding aircraft declined 1.3 percent in October, a government report showed today. Economists in a Bloomberg survey expected a 1 percent gain. A slump in energy futures damped the outlook for some commodities.