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Chinese grid spending may signal slower copper demand

Posted on 16 October 2013

As goes Chinese copper demand, so goes the price of copper–and Chinese copper demand is looking a bit peakish. In the latest sign of slowing demand growth, Barclays analysts said Tuesday that Chinese investment in power grids fell 15% in September to 31 billion yuan ($5.1 billion), marking the first year-on-year fall in 2013.
“While the figure may not have included robust tenders in late September, investment growth and related copper demand could continue to trend lower,” the analysts said in a report………………………………………..Full Article: Source


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