(15/04) Copper Falls a 4th Day in London After China Report: LME Preview

April 15, 2011

Copper fell for a fourth day in London, the longest losing streak since January, after a report that China will take another step to curb inflation, slowing demand from the world’s biggest metals buyer.
China is likely to raise banks’ reserve requirement ratios in the “near future,” the China Securities Journal said in a front- page commentary today.
Copper tube usage in China may grow at a slower pace this year as government incentives end and high prices cut demand, according to Golden Dragon Precise Copper Tube Group Inc., China’s biggest maker.