Copper Rebounds as China Industry Group Calls for Stockpiling

Copper rebounded as a metals selloff led by silver and gold eased and a state-backed industry group called for China to boost its strategic reserves of the crucial industrial metal.

China should expand the size of the reserves and also work with major state-owned producers to boost commercial stockpiles, according to the China Nonferrous Metals Industry Association, which held an annual briefing to review trends in the sector on Tuesday.