Copper heads for yearly gain on firm Chinese demand, low stocks – Markets

BEIJING: Copper prices, often seen as an economic indicator, were set for a yearly gain thanks to low global stocks and solid demand from top consumer China, and as prospect of US interest rate cuts brightened outlook for the metal.

Three-month copper on the London Metal Exchange (LME) ticked 0.1% up to $8,629.50 per metric ton by 0409 GMT. The contract has gained 3.1% so far this year, partly…