-->Copper Falls to 12-Week Low on Concern Chinese Demand May Slow
April 28 (Bloomberg) -- Copper futures in New York fell to a 12-week low as some Chinese banks halted new loans in a government bid to slow the economy, signaling an erosion in demand for metal used in buildings, appliances and automobiles.
People's Bank of China Vice Governor Wu Xiaoling said growth in the largest copper-consuming country will slow to less than 8 percent this year from a six-year high of 9.1 percent in 2003. Rising demand helped send copper prices to an eight-year high in March and inventories to the lowest since 1997.
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