Copper Pares Third Weekly Advance on China Demand Concern
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Copper declined to pare a third weekly advance amid speculation that China will not take immediate steps to stimulate the economy, curbing demand in the world’s biggest consumer of industrial metals.
Copper for delivery in three months lost as much as 1.1 percent to $7,275.25 a metric ton on the London Metal Exchange before trading at $7,342 as of 12:42 p.m. Shanghai time. The metal is heading for a 1 percent advance this week for a third weekly gain.