Copper Falls Most Since January as China’s Producer Prices Drop
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Copper futures fell the most since January after factory-gate deflation deepened in China, the world’s largest metals consumer.
The nation’s producer prices dropped 4.8 percent in February, extending a record stretch of declines to 36 months, according to official data released Tuesday. Copper has slumped 13 percent in the past year amid signs that China’s slowing economy will damp demand for industrial metals.