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Copper ETFs surge on solid China trade data

Posted on 09 August 2013

Worries have been building over the Chinese market, thanks to concerns regarding a number of aspects of the nation’s economy such as the financial sector and the still heavy dependence on manufacturing to power growth. This has culminated in sluggish GDP growth rates and speculation that annual GDP increases could fall below 7%.
These trends have led to poor trading not only for China ETFs, but for copper ETFs as well. After all, China is the largest consumer of copper in the world, so its economic outlook will have a huge impact on prices for the red metal………………………………………..Full Article: Source


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VRS - who has written 34673 posts on Opalesque Commodities Briefing.


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