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Copper slumps to 44-month low on concern China demand is slowing

Posted on 13 March 2014

Copper reached a 44-month low in London amid concern demand is weakening in China, the biggest consumer of the metal. Futures traded in Shanghai touched the lowest price since 2009.
The metal slumped this week after figures showed exports from China unexpectedly fell the most since 2009 last month. The nation’s central bank will cut reserve ratios for lenders next quarter amid increased downside risks to the economy, Nomura said in a report. China’s industrial output slowed in February as retail sales sped up, economists said before data tomorrow………………………………………..Full Article: Source


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