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Copper Drops From 11-Week High AMid Demand Concerns

Copper fell from an 11-week high in London on signs of slowing economic growth in China and the U.S., the biggest users of the metal.

U.S. gross domestic product fell at a 1 percent annualized rate in the first quarter, a bigger drop than economists surveyed by Bloomberg projected, government figures showed today. A purchasing managers index due later this week may show little acceleration this month in Chinese manufacturing after the gauge grew less than estimated in April. Copper has lost 6.5 percent this year amid signs of slowing economies.