Skip to content
Subscriber Only

Copper Resumes Drop as China May Take Steps to Cool Inflation

Copper resumed a decline in London and New York on concern that China, the world’s biggest metals consumer, may take further steps to cool price gains, damping demand for commodities. Zinc, lead and tin fell.

Copper for three-month delivery on the London Metal Exchange dropped as much as 1.6 percent to $8,510 a metric ton, and traded at $8,540 a ton at 3:51 p.m. Singapore time. The metal gained 0.4 percent yesterday as retail sales in the U.S., the second-largest user, climbed the most in seven months.