Copper prices fall

LONDON: Copper prices have retreated after hitting one-week highs as the US dollar lifts, US factory activity slows and data from China’s manufacturing sector indicates sluggish growth.
London Metal Exchange benchmark copper ended down 0.9 per cent at US$4,882 (K15,289.8 a tonne.
The slide in the US Institute for Supply Management’s index of national factory activity triggered a sell-off after New York opened, traders said.
Activity in China’s manufacturing sector eased unexpectedly in July as orders cooled and flooding disrupted business, an official survey showed, suggesting overall industrial activity remains sluggish at best. – Reuters