(Bloomberg) -- Copper dropped from a seven-week high
on concern that China, the world's largest consumer, may slow
purchases following recent advances. Lead pared gains from a
record, while nickel fell.
China's copper imports dropped 37 percent in May from a month
ago, a second consecutive monthly decline. Imports will continue to
fall through August should copper prices remain high, according to
Nick Moore, an analyst at ABN Amro Holding NV in London.
Read more at Bloomberg Commodities News
on concern that China, the world's largest consumer, may slow
purchases following recent advances. Lead pared gains from a
record, while nickel fell.
China's copper imports dropped 37 percent in May from a month
ago, a second consecutive monthly decline. Imports will continue to
fall through August should copper prices remain high, according to
Nick Moore, an analyst at ABN Amro Holding NV in London.
Read more at Bloomberg Commodities News
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