Saturday, 2 April 2011
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Copper Drops, Heads for First Weekly Fall in Three, on China Rates Concern
Copper fell, heading for its first weekly drop in three on concern that China, the top metals user, will step up monetary tightening after data showed that manufacturing accelerated for the first time in four months. Three-month-delivery copper on the London Metal Exchange fell as much as 0.4 percent to $9,389 a metric ton, and traded at $9,404 at 1:58 p.m. in Singapore. All six LME base metals
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