(Bloomberg) -- Copper futures fell in New York on
speculation that demand may slow in China, the world's biggest
consumer of the metal used in pipes and wires.
Stockpiles of the metal monitored by the Shanghai Futures
Exchange have more than tripled this year, climbing to the
highest in three years. Before today, copper had rallied 18
percent in 2007 on forecasts that growth in China would boost
demand.
Read more at Bloomberg Commodities News
speculation that demand may slow in China, the world's biggest
consumer of the metal used in pipes and wires.
Stockpiles of the metal monitored by the Shanghai Futures
Exchange have more than tripled this year, climbing to the
highest in three years. Before today, copper had rallied 18
percent in 2007 on forecasts that growth in China would boost
demand.
Read more at Bloomberg Commodities News
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