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Copper Retreats Amid Signs of Slowing U.S., China Demand Growth

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Copper declined after the biggest four-day rally in almost two years before data that’s forecast to show durable goods orders slowed in the U.S., the world’s second-biggest consumer of the metal.

Copper fell as much as 1.1 percent after closing at the highest since Jan. 6. Orders for goods meant to last at least three years climbed 0.2 percent in February, compared with 2.8 percent in January, according to a Bloomberg survey before the data due Wednesday. Manufacturing in China slowed to an 11-month low in March, the preliminary reading of a private Purchasing Managers’ Index showed Tuesday.