Copper Falls in London on Drop in U.S. Industrial Output

Copper fell in London, capping a weekly decline, after a report showed industrial production unexpectedly shrank last month in the U.S., the world’s second-biggest consumer of the metal.

Output at factories, mines and utilities fell 0.1 percent after a 0.4 percent gain in December, figures from the Federal Reserve showed today. The median estimate in a Bloomberg survey called for a 0.2 percent rise. Financial markets were closed this week for the Lunar New Year holiday in China, the top metal user.