| Copper fell for the fourth time in five sessions in New York amid signs that demand may ease in China, the world’s biggest buyer of industrial metals. Lead and aluminum fell more than 3 percent in London.
House prices in China slid in January for the fifth straight month, SouFun Holdings Ltd., the nation’s largest owner of real-estate websites, said yesterday. The Copper Development Association says construction generates a quarter of demand for the metal. Copper premiums in Shanghai dropped below $100 a metric ton for the first time since August as inventories expand, suggesting imports that were at a record in December may ebb...............................................Full Article: Source
|