Copper, Nickel Rebound as China Intervenes in Stock Market
- Mining equities rise; Freeport gains as much as 2.4%
- Metals tumbled Monday as stock rout added to demand concerns
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Copper climbed the most in two weeks and nickel gained after China sought to support its stock market following Monday’s rout that sent metal prices tumbling.
State-controlled funds in China bought equities and regulators signaled a selling ban on major investors will remain beyond this week’s expiration date, according to people familiar with the matter. Most metals traded in London and a gauge of mining shares rose.