Copper May Fall for Fourth Day on Concern About Inflation Curbs

Copper may fall for a fourth day in New York on concern demand might wane as countries including China, the world’s biggest consumer of the metal, move to counter inflation.

China this week raised interest rates for the third time in four months to curb inflation that a report next week may show accelerated to the fastest pace in 30 months, according to economists. Brazil’s government pledged yesterday to slash 50 billion reais ($30 billion) from this year’s spending plans in a bid to ease pressure for higher borrowing costs.