Copper Drops From 6-Week High on China Data Before Fed Meeting

Copper declined for the first time in seven days as manufacturing data for China missed estimates and before a two-day Federal Reserve meeting amid bets that the U.S. central bank will cut stimulus.

Metal for delivery in three months on the London Metal Exchange fell as much as 0.3 percent to $7,230 a metric ton and traded at $7,252 at 4:05 p.m. in Tokyo. The price touched $7,265.25 on Dec. 13, the highest since Nov. 1. The contract rose 1.9 percent last week, and is down 8.6 percent this year.