Copper Drops for Third Session on Signs Demand May Ease
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Copper fell for the third straight session in New York, the longest slump since June, as sliding equity markets and lower imports by China signal less global demand.
The MSCI World Index of equities headed for the fourth straight decline. The Shanghai Composite Index declined 1.7 percent, the most in two weeks. Copper imports by China, the world’s biggest consumer, slipped 2 percent in December after surging 29 percent in November, customs figures showed today.