Shanghai copper slides

London copper fell more than 2 percent on Monday as a stronger dollar weighed on commodities, including oil, with worries about the eurozone crisis hammering the single currency to two-month lows versus the greenback. The third month contract on the Shanghai Futures Exchange eased about 2 percent to close at 65,900 yuan per tonne.
"The Chinese base metal markets are also being dragged down by the stock markets here. Investors are just rushing to take profit everywhere," said a Shanghai-based trader. China's imports of refined copper stood at 160,236 tonnes in April, 48.3 percent lower from a year earlier and down 16.6 percent from March.