Economics
Copper Declines on Concern Global Stimulus Won’t Revive Growth
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Copper dropped on concern that stimulus measures announced by central banks from the U.S. to Japan, won’t be enough to bolster global economic growth, curbing demand prospects for industrial metals.
Copper for delivery in three months lost as much as 1.1 percent to $8,185 a metric ton on the London Metal Exchange and traded at $8,200 at 4:15 p.m. in Tokyo. The metal is up 7.7 percent this month, the most since January. December-delivery metal lost 0.6 percent to $3.7375 a pound on the Comex.