(Bloomberg) -- Copper futures fell to the lowest in
seven weeks 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 copper monitored by the Shanghai Futures
Exchange have more than tripled this year to the highest in
three years. Last week, the Chinese government implemented
measures to slow economic expansion. Before today, copper had
rallied 18 percent in 2007 on forecasts that growth in China
would boost metal consumption.
Read more at Bloomberg Commodities News
seven weeks 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 copper monitored by the Shanghai Futures
Exchange have more than tripled this year to the highest in
three years. Last week, the Chinese government implemented
measures to slow economic expansion. Before today, copper had
rallied 18 percent in 2007 on forecasts that growth in China
would boost metal consumption.
Read more at Bloomberg Commodities News
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