(Bloomberg) -- Copper prices fell for the fourth day
in Asia on concern consumption may be slowing in the U.S., the
world's second largest user of the metal.
U.S. new-home purchases dropped in May, signaling demand is
still dwindling in the second year of a housing slump. Builders
are the biggest consumers of the metal, which also came under
pressure from speculation that China may raise interest rates for
the third time this year.
Read more at Bloomberg Commodities News
in Asia on concern consumption may be slowing in the U.S., the
world's second largest user of the metal.
U.S. new-home purchases dropped in May, signaling demand is
still dwindling in the second year of a housing slump. Builders
are the biggest consumers of the metal, which also came under
pressure from speculation that China may raise interest rates for
the third time this year.
Read more at Bloomberg Commodities News
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