Copper Futures Decline in New York as Gains in Past Month Seen as Overdone

(Bloomberg) -- Copper in New York fell for the first
time in four sessions on speculation that a rally that took the
metal to a 10-week-high was overdone.

Before today, copper had gained 7.7 percent in the past
month on concern that strikes at Latin American mining companies
would cut production at a time of strong demand. Inventories of
the metal monitored by the London Metal Exchange rose the most in
a month today.


Read more at Bloomberg Commodities News