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Copper Drops as Slowing Chinese Demand Signals Weak Metal Demand

Copper fell for a second day as economic growth slowed to a two-year low in China, the world’s largest metals consumer.

Gross domestic product in China rose 9.1 percent in the third quarter from a year earlier, the slowest pace since 2009, figures from the country’s statistics bureau showed. Prices also retreated as investor confidence in Germany, the third-biggest copper consumer, reached the lowest level in almost three years.