Shanghai copper falls

Metals prices fell on Friday with copper paring about half of the previous session's rally as investors continued to fret about the economic health of the eurozone and China's growth profile. Three-month copper on the London Metal Exchange fell $70 to $7,090 by 0740 GMT. Despite the losses, copper is on track for a 2 percent weekly rise, its first gain in a month.
Benchmark third-month Shanghai copper fell 310 yuan to close at 56,350 yuan, but was up 3.4 percent on the week, its strongest performance since the start of last month. Shanghai copper stocks fell just over 8,000 tonnes this week to about 173,000 tonnes, their biggest decline since the end of March.