Copper Rebounds as Demand Optimism Overcomes Fed, China Concerns

Copper rebounded from Wednesday’s slump, pulled up by expectations that demand would remain resilient in the face of possible tapering by the U.S. Federal Reserve and China’s stepped-up efforts to jawbone prices lower.

The latest minutes indicated some Fed officials may be open “at some point” to discussing adjustments to the pace of massive bond purchases if the U.S. economy keeps progressing rapidly.

In China, the cabinet expressed concerns Wednesday about the rise in commodities prices for a second week in row, calling for more effort to curb…