(Bloomberg) -- Copper futures declined in New York
on signs demand may be slowing in the U.S. and China, the
world's two largest users of the metal.
U.S. new home purchases probably fell last month,
signaling the worst in the housing slump isn't over, economists
said before a government report today. Builders are the biggest
consumers of the metal. Chinese copper imports in May fell 37
percent from April, a sign the country may be oversupplied.
Copper fell 1.1 percent last week on demand concerns.
Read more at Bloomberg Commodities News
on signs demand may be slowing in the U.S. and China, the
world's two largest users of the metal.
U.S. new home purchases probably fell last month,
signaling the worst in the housing slump isn't over, economists
said before a government report today. Builders are the biggest
consumers of the metal. Chinese copper imports in May fell 37
percent from April, a sign the country may be oversupplied.
Copper fell 1.1 percent last week on demand concerns.
Read more at Bloomberg Commodities News
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