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Copper Declines to Two-Week Low on China Interest-Rate Outlook

Copper fell to a two-week low in New York on signs that China, the world’s biggest buyer of industrial metals, may take more steps to restrain the economy and cool inflation.

China’s manufacturing expanded in March from February, a report showed today. The central bank will boost interest rates again this quarter, according to all 20 economists in a Bloomberg survey on March 22. Copper futures in New York fell for the sixth time in seven sessions.