Copper Falls in London on Slowing U.S Demand, China Rates; Nickel Declines

(Bloomberg) -- Copper fell to a two-week low in
London on signs of sluggish demand in the U.S. and speculation
that China, the world's biggest consumer of the metal, will
raise interest rates. Aluminum and nickel also dropped.

New home purchases in the U.S., the second-biggest user of
the metal, fell in May, a government report showed yesterday,
signaling demand is still weak in the second year of a housing
slump. Builders are the biggest copper consumers.


Read more at Bloomberg Commodities News