Copper Slips as Rising Stocks Highlight Poor Demand Prospects

COPPER - LONDON, - Copper prices slipped on Thursday as poor demand prospects particularly in top consumer China and an oversupplied market were reinforced by further inventory rises in London Metal Exchange-approved warehouses.

Benchmark copper on the LME was down 1.2% at $9,788 a metric ton at 1607 GMT. Prices of the metal used in power and construction have recovered since hitting 10-week lows of $9485.5 on June 27.