(Bloomberg) -- Copper declined in New York on speculation that demand may slow in China, the world's biggest consumer of the metal used in pipes and wires.
Chinese imports in April fell to 304,672 metric tons from a record 307,740 tons in March. Inventories monitored by the Shanghai Futures Exchange gained 26 percent last week to 85,269 tons, the highest in three years. China's consumption of raw materials had driven a 23 percent rally in copper this year.
Read more at Bloomberg Commodities News
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