Economics
Copper in New York Drops for First Day in Five on U.S. Economy
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Copper in New York fell for the first time in five days before reports this week that may show the economy is slowing in the U.S., the world’s second-largest consumer of the metal after China.
July delivery copper dropped as much as 1.2 percent to $4.135 a pound on the Comex in New York and was down 0.5 percent at $4.1635 by 1:15 p.m. local time in electronic trading. The London Metal Exchange and U.S. markets are closed today for holidays, and today’s trades will be counted in tomorrow’s pricing.