Copper Futures Fall Most in Almost Two Weeks on Concern Rally Was Overdone

(Bloomberg) -- Copper futures in New York fell the
most in almost two weeks on speculation that the metal's recent
rally was overdone.

The price of the metal gained 2.5 percent last week as
global inventories declined. Copper has still fallen 11 percent
since reaching an 11-month high on May 4 on speculation demand
will ease in the U.S. and China, the world's two biggest
consumers of the metal. Inventories monitored by the Shanghai
Futures Exchange have more than tripled this year.


Read more at Bloomberg Commodities News