(Bloomberg) -- Copper prices fell in Asia on
speculation that China will raise interest rates to cool economic
growth, curbing demand and fueling concern that the world's
biggest user of the metal may be oversupplied.
Inflation in China accelerated at the fastest pace in more
than two years in May, the National Bureau of Statistics said
yesterday, increasing the likelihood the central bank will raise
rates for a third time this year.
Read more at Bloomberg Commodities News
speculation that China will raise interest rates to cool economic
growth, curbing demand and fueling concern that the world's
biggest user of the metal may be oversupplied.
Inflation in China accelerated at the fastest pace in more
than two years in May, the National Bureau of Statistics said
yesterday, increasing the likelihood the central bank will raise
rates for a third time this year.
Read more at Bloomberg Commodities News
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