Copper Retreats as Slowing Industrial Production May Curb Demand
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Copper fell on speculation that slowing industrial production from Europe to the U.S. may curb demand and as inventories tracked by the London Metal Exchange reached the highest level since November 2011.
Copper for three-month delivery fell as much as 0.2 percent to $8,280 a metric ton on the LME and traded at $8,292 at 2:24 p.m. in Singapore. The metal for delivery in March gained 0.2 percent to $3.7665 a pound on the Comex in New York. Markets in China, the biggest consumer, are closed this week for the Lunar New Year holiday.