Copper Erases Gain, Heads for Weekly Loss, on China Supply, Demand Outlook

Copper in London erased gains in Asian trading, heading for a weekly loss, on concern record production in China bolstered supplies and further government curbs on lending may dim the outlook for domestic metal demand. Three-month-delivery copper on the London Metal Exchange dropped 0.2 percent to $9,393.75 a metric ton at 3:23 p.m. Singapore time, reversing an earlier gain of as much as 1.1

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