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Monday, May 23, 2011
Copper fell the most in almost two weeks in New York as manufacturing slowed in China, the world’s biggest consumer of the metal. Copper imports into the country slumped.
A Chinese manufacturing index slid to its lowest level in 10 months, adding to signs economic growth is cooling after the government raised interest rates and curbed lending to rein in inflation. Copper also dropped as manufacturing growth slowed in Europe and the dollar strengthened// source: bloomberg//
A Chinese manufacturing index slid to its lowest level in 10 months, adding to signs economic growth is cooling after the government raised interest rates and curbed lending to rein in inflation. Copper also dropped as manufacturing growth slowed in Europe and the dollar strengthened// source: bloomberg//