Copper, Iron Ore Fall After China Politburo Readout Underwhelms

Copper edged lower along with iron ore, after a policy readout from a top Chinese leadership meeting underwhelmed investors.

China vowed to implement forceful macroeconomic policies to shore up the biggest metal-consuming economy at its latest Politburo meeting, including a more proactive fiscal agenda and a moderately loose monetary policy, according to the official Xinhua News Agency. Still, the readout didn’t provide details of any large-scale stimulus measures, causing prices to reverse earlier small gains made in Asia on Wednesday.

The global copper market has been in turmoil in recent weeks, after President Donald Trump said he’d impose a ...