Copper Drops to 12-Week Low on Slowing Growth in China
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Copper traded near the lowest price in more than two months amid concern that China’s growth is slowing and as stockpiles rose in the biggest user.
The contract for delivery in three months on the London Metal Exchange dropped as much as 0.5 percent to $6,994 a metric ton, the lowest level since Dec. 4, and was at $7,025 by 4:32 p.m. in Tokyo. Futures are down 0.6 percent in February, poised for a second monthly decline.