China holds back copper prices

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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.

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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

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