Bloomberg reports: "Copper may drop for the first time in seven years as the U.S. slips toward recession and the Chinese government reins in the world's fastest-growing economy.
"The worst housing slump since 1980 will reduce sales of pipes and wires in the U.S., while shipments to China will slow as officials raise interest rates and finish construction for the summer Olympics, said David Threlkeld, president of Resolved Inc. in Scottsdale, Arizona. At the same time, Chile and the Democratic Republic of Congo will increase supply, the International Copper Study Group forecasts."
