(Bloomberg) -- Copper futures fell in New York,
erasing earlier gains, on speculation a rally that took the metal
to a two-month high was overdone.
Copper gained 9.2 percent in the 10 sessions before today as
strikes raised concerns production would be cut at a time of
shrinking global stockpiles. Still, copper has fallen 6.3 percent
since reaching an 11-month high on May 4 on signs of easing
demand from China, the world's largest consumer of the metal.
Read more at Bloomberg Commodities News
erasing earlier gains, on speculation a rally that took the metal
to a two-month high was overdone.
Copper gained 9.2 percent in the 10 sessions before today as
strikes raised concerns production would be cut at a time of
shrinking global stockpiles. Still, copper has fallen 6.3 percent
since reaching an 11-month high on May 4 on signs of easing
demand from China, the world's largest consumer of the metal.
Read more at Bloomberg Commodities News
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