(Bloomberg) -- Copper prices fell in Shanghai for
the first day in three amid speculation that China will raise
interest rates to cool economic growth, curbing demand in the
world's biggest user of the metal.
Inventories monitored by the London Metal Exchange, which
had dropped to their lowest since October, jumped 4.7 percent to
119,600 metric tons yesterday, the exchange said. Still, strike
threats in Chile, the largest source of copper, and in other
producing countries limited losses.
Read more at Bloomberg Commodities News
the first day in three amid speculation that China will raise
interest rates to cool economic growth, curbing demand in the
world's biggest user of the metal.
Inventories monitored by the London Metal Exchange, which
had dropped to their lowest since October, jumped 4.7 percent to
119,600 metric tons yesterday, the exchange said. Still, strike
threats in Chile, the largest source of copper, and in other
producing countries limited losses.
Read more at Bloomberg Commodities News
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