METALS-Copper steadies; China demand worries persist

Copper steadied on Monday, held back by worries about oversupply in China, the world's top copper consumer, but with an equities rally offering some support.

Copper for three-months delivery on the London Metal Exchange was $4,450.25 a tonne at 1358 GMT, from $4,450 on Friday.

A higher open on Wall Street helped turn European equities positive, also briefly lifting copper out of the red, but miners like Xstrata ( XSRAF.PK - news - people ) and Rio Tinto held to losses.

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