(Bloomberg) -- Copper in New York fell the most in almost a week after a report showed the metal was in surplus in the first two months of the year and a labor protest failed to disrupt supplies from the world's second-biggest copper mine.
Copper production exceeded demand by 115,000 metric tons in January and February, the World Bureau of Metal Statistics said in a statement today. Freeport-McMoRan Copper & Gold Inc. said its Grasberg mine was still operating as thousands of workers protested. Prices had gained 4 percent in the previous two sessions on speculation mine output would lag behind demand.
Read more at Bloomberg Commodities News
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