Copper Falls Most in a Week as China’s Manufacturing Eases, Dollar Climbs

Copper fell the most in more than a week in New York as manufacturing slowed in China, the world's biggest consumer of industrial metals.

A preliminary Chinese purchasing managers' index compiled by HSBC Holdings Plc and Markit Economics dropped to 51.1 in May, the lowest in 10 months. The final reading in April was 51.8. The decline added to signs that the economy is cooling after the government raised interest rates and curbed lending to rein in inflation. Copper also dropped as the dollar climbed, eroding demand for commodities as an alternative investment.