Copper Futures Fall Most in Four Weeks in New York on U.S. Housing Slump

(Bloomberg) -- Copper fell the most in four weeks
in New York as a slowdown in homebuilding damps demand in the
U.S., the world's second-largest consumer of the metal.

Home resales in the U.S. fell for a fourth straight month
in June, a sign that housing remained mired in the worst slump
in 16 years. Copper has fallen 12 percent since reaching a
record high in May 2006 as a decline in U.S. home construction
curbs use of the metal in pipes and wiring.


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