(Bloomberg) -- Copper headed for its largest weekly decline in three months in London on speculation demand growth will slow in China, the world's biggest user, after imports soared. Nickel and zinc also fell.
Deliverable stockpiles of copper monitored by the Shanghai Futures Exchange increased 26 percent to 85,269 metric tons, the exchange said today. That's the highest since May 2004. Imports of the metal into the country may slow in April, said analysts including Kevin Norrish at Barclays Capital.
Read more at Bloomberg Commodities News
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