The most-traded September copper contract on the Shanghai Futures Exchange lost 2.1 percent to close at 52,350 yuan ($8,500) a tonne on Thursday after a preliminary survey showed China's factory sector contracted in May, hitting sentiment already soured by concerns the United States may pull back on its bond-buying program.
"A reading under 50 is certainly not a good omen and weaker than what we would have expected," said Matt Fusarelli, analyst at consultancy AME Group in Sydney. China is the world's top copper consumer, accounting for 40 percent of refined demand.
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