Copper Set for Longest Slump Since 1996 on China Data
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Copper fell for a ninth day, the longest losing streak since January 1996, after manufacturing slowed in China, the world’s largest user of base metals. Aluminum traded near a four-year low.
Copper for delivery in three months on the London Metal Exchange slid as much as 0.4 percent to $7,035 a metric ton and was at $7,036 at 3:48 p.m. in Tokyo. The industrial metal, used in wires and pipes, lost 4 percent in January, the most since June, extending a 7.2 percent drop in 2013.