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Weak China data flags more bad news for copper

Posted on 11 July 2013

Copper has taken a beating in recent months, along with gold and other commodities, now analysts warn there is more pain ahead for the red metal, with the slowdown in Chinese growth set to weigh further on prices.
China currently consumes around 40 percent of the world’s copper and as the metal is heading into a two-year surplus according to Goldman Sachs commodity analyst Roger Yuan, he advised investors that any further rallies in 2013 represented a good hedging opportunity………………………………………..Full Article: Source


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