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Print[Ferro-Alloys.com] Copper fell for a second straight session on Tuesday as a rally in the wake of fresh U.S. stimulus began to splutter, with traders from top metals consumer China unwilling to chase prices that last week hit the highest since May
Factory activity in New York state contracted for a second month in a row in September, falling to its lowest level in nearly 3-1/2 years as new orders shrank further, a report from the New York Federal Reserve showed on Monday.
President Barack Obama on Monday said the United States was challenging Chinese auto and auto-parts subsidies that threatened American jobs as he campaigned in Ohio, an auto manufacturing state that could be decisive in the November presidential election.
China will increasingly conduct monetary policy using price-based tools such as interest and currency rates rather than quantitative mechanisms, according to a blueprint of financial reforms expected between 2011 through 2015 which was published on Monday.
Fortescue Metals Group FMG.AX, the world's No.4 iron ore miner, has lined up $4.5 billion in debt and said several firms expressed interest in partnering in some of its assets, as it moved quickly to shore up funding to cope with a slump in iron ore prices.
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