Refined copper production in China may fall 500,000 metric tons in 2013, about 9 percent of the output last year, on a scrap shortage and delayed commissioning of new facilities, the nation’s third-largest producer said.
A North Korean envoy told a top Chinese official his country is willing to return to dialogue, as the U.S. and China press the totalitarian state to come back to the negotiating table over its nuclear weapons program.
China will tighten rules on bond sales by polluters, local government financing vehicles with higher debt levels and companies in industries with overcapacity as the government seeks to redirect the economy.
Copper traded near the highest level in a month after recording a third weekly advance as investors weighed whether demand in China, the largest user, can be sustained. Zinc, nickel, aluminum and lead rose.