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2014 forecasts not looking good for copper producers

Posted on 10 February 2014

Market indicators are spelling out a bad year for copper producers as the world’s biggest consumer, China, appears unlikely to eat up excess supply. Copper prices dropped in late January on weak Chinese manufacturing data. Then US data dragged prices down further, adding to a 10-day losing streak for the metal.
Economists are predicting that in 2014 China will experience its slowest nominal growth since 1990. Every number that comes out of China lately is worse than the time before, Bloomberg Industries’ Kenneth Hoffman said last week…………………………….Full Article: Source


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