Copper Slips on China Demand Concerns

Copper fell 0.31 percent to trade at $6,654 per tonne on the London Metal Exchange today, according to Reuters. Investors are unsure whether the monetary policy easing measures in China, the metal’s top consumer, will actually increase demand for the metal.

On New York’s Comex, copper changed little, trading at $3.0075 per pound, Bloomberg reported. Investors expect the positive U.S. data recently released may bolster the price of copper on the Comex.