Copper Falls in London on China Interest-Rate Speculation; Nickel Drops

(Bloomberg) -- Copper fell in London on speculation
that interest rates in China and the U.S. will increase, curbing
demand in the world's largest users of the metal. Nickel and
zinc also dropped.

China's inflation accelerated at the fastest pace in more
than two years in May, the National Bureau of Statistics said
today, increasing the likelihood the central bank will raise
rates for a third time this year. U.S. monetary policy makers
will next decide on interest rates on June 28. Higher borrowing
costs usually slow investments.


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