Copper Drops to Lowest in Two Weeks on Signs of Shrinking Chinese Demand

(Bloomberg) -- Copper declined to the lowest in
more than two weeks in New York on signs of shrinking demand in
China, the world's largest consumer of the metal.

Chinese copper imports tumbled 28 percent last month from
April as higher prices and climbing inventories damped demand.
Inventories monitored by the Shanghai Futures Exchange have
tripled in 2007. Surging demand in China, the fastest-growing
major economy, helped send the price of the metal up fourfold in
the past four years.


Read more at Bloomberg Commodities News