Copper May Decline for a Fourth Day on China Tightening Concern
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Copper in London may drop for a fourth day, the longest period of declines since January, on concern that China may step up its credit-tightening measures to cool asset prices.
Three-month-delivery copper on the London Metal Exchange was little changed at $9,500 a metric ton at 2:31 p.m. Singapore time, after falling as much as 0.6 percent earlier. The contract dropped to $9,443 a ton yesterday, the lowest in a week. Zinc, lead and tin gained.