(Bloomberg) -- Copper dropped in London for the first time in three trading sessions on speculation consumption in the U.S., the world's second-largest user of the metal, will weaken on lower housing demand. Tin traded at an 18-year high.
An index of U.S. homebuilders' confidence fell to the lowest level of the year this month, the Washington-based National Association of Home Builders said yesterday. A report on March housing starts, due today, may indicate a decline, a Bloomberg survey showed.
Read more at Bloomberg Commodities News
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