Copper Loses Ground on Weak Chinese Demand, High Stocks

COPPER - LONDON. Copper prices slid on Monday on Chinese demand concerns and high inventories, while market participants awaited a Federal Reserve policy meeting and U.S. data releases this week for further direction.

Three-month copper on the London Metal Exchange fell 0.7% to $9,045 per metric ton by 1106 GMT. It was down by more than 18% from all-time high in late May.