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Copper Falls Most in Two Weeks Following China’s Rate Increase
Feb. 09, 2011 01:27PM PST
Base Metals Investing Bloomber reports that copper fell the most in two weeks on concern that higher interest rates will crimp growth and slow commodity demand in China, the world’s biggest metals consumer.
Bloomber reports that copper fell the most in two weeks on concern that higher interest rates will crimp growth and slow commodity demand in China, the world’s biggest metals consumer.
The market news is quoted as saying:
Yesterday, China increased borrowing costs for the third time in four months, before a report next week that economists say may show inflation accelerated to the fastest in 30 months. Prices also dropped as copper stockpiles tracked by the London Metal Exchange swelled the most in two weeks.
