Copper Drops on Speculation China, U.S. Slowdown to Hurt Demand

Copper declined on speculation that a moderating Chinese economy and sluggish U.S. recovery may damp demand for the metal in the world’s two largest users.

Three-month copper on the London Metal Exchange fell as much as 0.7 percent to $8,850.25 per metric ton, and was at $8,852 at 2:36 p.m. in Shanghai. The metal for December delivery on the Comex lost 0.9 percent to $4.0185 per pound.