In the UK the FTSE 100 Index of leading shares declined for a fifth day losing 30.10 points, or 0.6%, to 5292.2 and is poised for its longest losing streak in 10 months. Raw materials producers BHP Billiton and Rio Tinto Group led the drop as copper prices tumbled.
BHP Billiton, the world's biggest mining company, fell 24p, or 2.9%, to 813p, with Rio Tinto, the No. 3 miner, slipping 49p, or 2.4%, to 1,989p. Copper prices in New York slid as much as 3.7% as metal inventories in warehouses monitored by the London Metal Exchange rose to their highest point in almost nine months. Copper futures for September delivery dropped almost $0.06 to $1.656 a pound. Prices had earlier dropped to $1.651 a pound. The metal reached a record $1.738 yesterday. The FTSE 100 extended losses after a US government report showed producer prices in the world's biggest...
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