Copper Falls Most in a Week on Report of Chinese Investigation
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Copper fell the most in a week after a report that Chinese regulators are investigating positions in rubber futures spurred speculation that some traders may be forced to sell commodities.
Rubber prices plunged the most in three months in Shanghai, with declines spilling over into copper, zinc, soybeans and sugar, after the Securities Times report. The newspaper, affiliated with China’s state-run People’s Daily, cited people it didn’t identify. China is the world’s largest metals user.