Copper Holds Losses Near Five-Year Low on Demand Growth Concern

Copper in London held losses near the weakest in more than five years on speculation demand growth may falter amid signs of uneven economic growth in the U.S., Germany and China, the largest metals consumers.

Copper was little changed after earlier dropping as much as 0.5 percent. The biggest drop in U.S. hourly wages since records began in 2006 overshadowed a steeper-than-forecast payrolls increase, while German industrial production in November unexpectedly fell for the first time in three months, data showed Jan. 9. China’s factory-gate prices last month dropped the most in two years, extending a record stretch of declines.