Copper Tumbles Most in Six Years Amid Commodity Price Collapse
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Copper tumbled the most in almost six years, leading a collapse in commodity prices that’s keeping a lid on global inflation.
Lower energy costs and demand weakness amid worse-than-expected economic data in China are driving prices down, according to Goldman Sachs Group Inc. Consumption in the world’s biggest user will grow at the slowest pace since at least 2009, Deutsche Bank AG estimates.