By Leia Michele Toovey- Exclusive toCopper Investing NewsCopper surprised analysts Tuesday, recovering from Monday's losses. Copper prices dropped on Monday, over concerns regarding China's demand for the base metal. On Monday, the Shanghai Composite fell 1.3 percent, after government agencies denied rumors of relaxed property market restrictions following first fall in nationwide house prices since February 2009. On the same day, China reported a drop in copper imports for the third straight month in June. The government also reaffirmed its commitment to curb lending. These fears permeated the entire market, and sent the metals on a downward spiral. Both gold and silver futures shed 0.9 percent. Copper, however, led losses among metals, down 4 cents, or 1.5 percent, to $3 a pound. Analysts were expecting that copper would extend Monday's losses on Tuesday, however, the red metal recovered, in sympathy with rallies in the euro and equities. Concerns over china's demand still affected the market, keeping a lid on the metal's gains. Copper for September delivery rose 0.85 percent to settle at $3.0175 per lb on the COMEX. The range extended down from $3.0350 to $2.9720, its lowest level since July 7. The stockpile situation remains positive for copper. London Metal Exchange metal stocks shed another 2,700 tonnes to 432,550 tonnes, down more than 100,000 tonnes since mid-February. Copper canceled warrants, material earmarked for delivery, are at 27,175, up from below 15,000 in mid-April. LME copper for three-month delivery ended at $6,685 per tonne, up $55 from Monday's close. Copper futures have dropped 10 percent this year on concern that Europe's sovereign-debt crisis may hamper economies, crimping usage of metals. Portugal's credit rating today was cut two levels to A1 at Moody's Investors Service, citing a growing debt burden and weak economic growth prospects. German investor confidence declined for a third month in July.