Copper in London Rebounds on Demand, Supply Outlook

Dec. 15 (Bloomberg) -- Copper rebounded in London on expectation supply will lag behind demand as the global economy extends a recovery. Futures pared losses in Shanghai and New York.

The metal for three-month delivery on the London Metal Exchange rose as much as 0.4 percent to $9,205.75 a metric ton, and traded at $9,200 by 9:05 a.m. Singapore time. Copper reached a record $9,267.50 a ton yesterday, before erasing gains on concern China will step up measures to curb inflation.

March-delivery copper on the Shanghai Futures Exchange gained 0.2 percent to 68,910 yuan a ton, after falling as much as 0.3 percent earlier. Futures on the Comex in New York were little changed after dropping 0.4 percent earlier.