Copper Fell on Rising China Stockpiles

Bloomberg reported copper dropped on concern that a slowdown in China’s industrial output will increase stockpiles.

As quoted in the market news:

The three-month contract on the London Metal Exchange fell as much as 2 percent to $7,657 a metric ton and traded at $7,658 by 4:51 p.m. Tokyo time.

Click here to read the full Bloomberg report.