Shanghai Copper Falls to Three-Month Low on U.S. Demand Concern; Zinc Do

(Bloomberg) -- Copper prices fell for a fourth day,
reaching a three-month low in Shanghai, on concern consumption
may be slowing in the U.S., the second-largest user of the metal.

U.S. new-home purchases dropped in May, signaling demand is
still dwindling in the second year of a housing slump. Builders
are the biggest consumers of the metal. Speculation that China
may raise interest rates for the third time this year also
helped push down prices.


Read more at Bloomberg Commodities News