Copper Pares Losses as Signs of Dip-Buying Emerge in China

Copper clawed back some losses after a heavy sell-off in Asian trading hours amid signs that buyers in China who’ve been put off by high prices are dipping back into the market.

Contracts were down about 2% on the London Metal Exchange after earlier dropping as much as 5.7% to $12,414.50 a ton. Other base metals also posted big losses, with tin falling as much as 11% and nickel dropping 8.1%.