Copper Drops to Lowest Since August on China Factory Data
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Copper futures slumped to the lowest in almost eight months after an industry report on manufacturing signaled demand may ease in China, the world’s biggest user of industrial metals.
The Purchasing Managers’ Index was 50.9 in March, government data showed today. The median estimate of analysts in a Bloomberg News survey was 51.2. Confidence among large manufacturers in Japan improved less than economists expected.