By Glenys Sim
April 21 (Bloomberg) -- Copper futures slumped by the exchange-imposed 5 percent daily limit in Shanghai, tracking an overnight decline in London, as the economic outlook in the U.S., the world’s second-largest consumer of the metal, dimmed.
Copper for July delivery on the Shanghai Futures Exchange tumbled 1,970 yuan from the previous settlement price to 37,370 yuan ($5,469) a metric ton.
To contact the reporter on this story: Glenys Sim in Singapore at Gsim4@bloomberg.net
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