BEIJING- Prices of copper and other base metals in London climbed on Tuesday after recent falls, although gains were limited by concerns about demand from China.
Three-month copper on the London Metal Exchange was up 0.4 percent at $9,250.50 per metric ton. The contract had hit its lowest level in more than three months in the last session.
The most-traded September copper contract on the Shanghai Futures Exchange slid 0.7 percent to 75,690 yuan ($10,406.41) a ton.
China last week reported weaker-than-expected second-quarter economic growth, raising concerns about metals demand from top consumer China and sparking a sell-off in the market.
China surprised markets by cutting major short- and long-term interest rates on Monday, its first such broad move since August last year.
However, this did little to ease concerns around demand. The market was also disappointed by a lack of further stimulus from the plenum last week, ANZ analysts said in a note.
LME aluminum gained 1.1 percent to $2,326 a ton, lead added 0.5 percent at $2,093.50, zinc moved 0.6 percent higher to $2,743, tin rose 1 percent to $30,200 and nickel was up 0.3 percent at $16,235.
SHFE aluminum dropped 0.7 percent to 19,420 yuan a ton, nickel dipped 0.2 percent to 128,770 yuan, lead slid 0.7 percent to 19,160 yuan, tin lost 2.4 percent to 251,980 yuan and zinc eased 0.3 percent to 23,355 yuan.
