Copper Falls to Eight-Month Low on Signs Economy Cools
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Copper prices fell to an eight-month low on signs that the economy is cooling in the U.S., the world’s second-biggest consumer of the metal.
In March, service industries expanded at the slowest pace in seven months and companies added fewer workers than economists projected, separate private reports showed today. Copper inventories monitored by the London Metal Exchange have jumped 79 percent this year to the highest since October 2003.