China Metals Producers Drop on Concern Monetary Tightening to Hurt Demand

China’s metals producers declined in Shanghai trading on speculation policy makers may impose more measures to tame inflation, hurting demand for commodities.

Jiangxi Copper Co. fell 5.6 percent to 39 yuan at 10:28 a.m. Yunnan Copper Industry Co. tumbled 10 percent to 26.60 yuan. Aluminum Corp. of China Ltd. slid 3.4 percent to 11.15 yuan.

China’s metals producers may extend declines in the “near term” on speculation the country will further tighten monetary policy, according to China International Capital Corp.