Bloomberg News

Copper in London Drops for First Day in Three on Stocks, Oil

June 06, 2011

June 7 (Bloomberg) -- Copper declined for the first time in three days, joining a drop in global equities and other commodities including oil, on speculation slowing economic growth may trim metals demand.

The metal for three-month delivery fell as much as 0.4 percent to $9,100 a metric ton by 8:03 a.m. Singapore time. The metal had risen 2.4 percent in the past two days on concern output disruptions in Chile may worsen an expected shortage of the metal this year.

To contact the editor responsible for this story: Glenys Sim at gsim4@bloomberg.net


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