Sliding equities trigger decline in copper prices

Copper prices fell yesterday, with Shanghai futures shedding more than 3 percent and London down by 2 percent under pressure from a slide in Chinese equities.

Traders said a rapid 4-percent slide in the Shanghai composite stock index to a two-month closing low dragged Shanghai metals in their wake.

Shanghai copper fell 3.3 percent to end at 46,560 yuan a ton, after touching 46,000 yuan.