Copper Posts Seventh Weekly Loss on Slowing Chinese Demand
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Copper in London fell for a seventh week, the longest streak since January, and other metals declined as a measure of Chinese manufacturing fell to the lowest in more than six years.
The factory gauge is the first major indicator for August and follows weaker-than-expected data on investment, industrial output, retail sales and exports in July. Copper is heading for a fourth straight monthly loss amid concern that demand will weakening in China, which accounts for about 40 percent of global use.