Copper Resumes Slide Amid China Woes, Signs of Ample Supplies
Commodity Prices: Doing the 'Rational' Thing?
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Copper posted a fourth drop in five sessions as a jump in stockpiles added to signs of ample supply amid slowing demand in China, the world’s biggest user.
Inventories tracked by the London Metal Exchange surged on Wednesday, extending gains to the highest since January 2014. China equities dropped as concern grew that government intervention is driving away investors. Copper pared gains from Tuesday as optimism faded that China’s plan for more stimulus would help spark rebounds for industrial metals.