China holds back copper prices
2012-05-28
Copper traders are believed to be quite bearish on their favoured metal due to concerns about a slowing China and troubles in Europe.
Traders surveyed by Bloomberg have said they are negative about copper, which last week dropped to a four-month low.
Raw material copper slid in price along with the economic slump in the 17-nation eurozone.
China, which accounts for about 40 percent of global copper consumption, has also been giving weak signals as it stockpiles some of the metal.
Source:The Asia News.Net
- 460 reads
Human Rights
Visited:19,451,791
