Copper drops from 2-week high as Chinese growth slows

Source: Bloomberg
© Scanpix/Reuters
Copper retreated from the highest level in two weeks on concern that economic growth is slowing and premium risks are going up in the biggest user - China, while global supplies are constantly increasing. The metal for June delivery on the LME slipped 0.7% to $6,554.25 a metric ton and was little changed at $6,574 as of 10:41 a.m. in Tokyo. The metal rallied as much as 2.3% throughout Tuesday trading session, the largest loss since early February, to $6,623.75.
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