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Copper rally halts on weak China demand

Copper fell below $6,000 on Monday, bringing a halt to a rally in May, on continued weak demand in China, the biggest consumer of the metal.

Prices for three-month delivery on the London Metal Exchange touched $5,985 on Monday. The metal has fallen more than $400 from its price at the beginning of May.

There are few signs of strong orders for copper in China by cable makers and for power grid investment, despite the arrival of the traditional peak buying season.

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