Copper Set for First Monthly Drop in Three on Growth Concern
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Copper swung between gains and losses, heading for the biggest monthly drop since May 2010 as worsening U.S. consumer confidence stoked concern that growth may stall. Tin was set for the largest loss since October 2008.
Three-month delivery copper on the London Metal Exchange lost as much as 0.5 percent to $9,114 a metric ton before trading at $9,202.50 at 3:33 p.m. Singapore time. The price touched $9,225 yesterday, the highest since Aug. 5. The metal has fallen 6.5 percent this month, the first such decline in three months.