Copper Futures Decline Amid Signs of Slower Metal Demand in China, U.S.

(Bloomberg) -- Copper declined in New York on signs
that consumption may be slowing in China, the world's largest
user of the metal, and the U.S., the second-biggest.

China's copper imports in May fell 37 percent from April,
an indication that domestic supplies are more than adequate.
U.S. new-home purchases dropped in May, signaling demand is
still dwindling in the second year of the housing slump.
Builders are the biggest consumers of the metal. Copper, used in
pipes and wires, fell 1.1 percent last week.


Read more at Bloomberg Commodities News