(Bloomberg) -- Shanghai copper futures fell, erasing
early gains, amid speculation that gains yesterday may have been
overdone, uncertainty over China's tax policies and concern that
the world's biggest consumer of the metal may be oversupplied.
Copper prices in Shanghai rose five percent from an eight-
week low yesterday as gains in Chinese shares restored investors'
confidence that the country's economic growth will sustain demand.
London Metal Exchange copper also advanced as global stockpiles
of the metal fell to their lowest since Nov. 2.
Read more at Bloomberg Commodities News
early gains, amid speculation that gains yesterday may have been
overdone, uncertainty over China's tax policies and concern that
the world's biggest consumer of the metal may be oversupplied.
Copper prices in Shanghai rose five percent from an eight-
week low yesterday as gains in Chinese shares restored investors'
confidence that the country's economic growth will sustain demand.
London Metal Exchange copper also advanced as global stockpiles
of the metal fell to their lowest since Nov. 2.
Read more at Bloomberg Commodities News
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