Copper Declines in New York, Erasing Gains, on Concern Rally Was Overdone

(Bloomberg) -- Copper futures fell in New York,
erasing earlier gains, on speculation a rally that took the metal
to a two-month high was overdone.

Copper gained 9.2 percent in the 10 sessions before today as
strikes raised concerns production would be cut at a time of
shrinking global stockpiles. Still, copper has fallen 6.3 percent
since reaching an 11-month high on May 4 on signs of easing
demand from China, the world's largest consumer of the metal.


Read more at Bloomberg Commodities News