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Copper falls on China demand concerns, but heads for weekly gain
Copper prices fell on Friday, weighed down by rising concerns over demand prospects in top consumer China following downbeat data and a lack of benchmark rates cuts, but the metal was on track for a weekly gain on tight supply expectation this year. The most-traded copper contract on the Shanghai Futures Exchange dropped 0.97% to 102,100 yuan ($14,655.43) per metric ton by 0226 GMT. Benchmark three-month copper on the London Metal Exchange dipped 0.58% to $13,029.5 per ton. Both benchmarks have risen around 0.5% so far this week, though a firmer dollar limited the upside. Copper prices have been supported by mine ... (full story)
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