Copper Falls to 2-Week Low After Rio’s Beats Forecasts
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Copper fell to the lowest level in two weeks as mined output of the metal by Rio Tinto Group increased more than forecast.
Copper for delivery in three months on the London Metal Exchange dropped 0.2 percent to $7,984.50 a metric ton at 3:33 p.m. Shanghai time, the lowest since Dec. 31. Copper for March delivery on the Comex in New York was little changed at $3.6275 per pound.