06.03.2015 - Are Copper ETFs Back on Track?
Copper prices saw a troubled 2014 on Chinese economic slowdown, global growth worries, a multi-year high greenback and a supply glut. In fact, the situation was so messy that copper prices plunged to a five-year low to start 2015. While there are many factors regulating the price of copper, events in China are major contributors as the country is the world’s biggest consumer of this industrial metal, making up roughly 40% of the global copper demand. Thus, a prolonged manufacturing slowdown in the world’s second largest economy cast a dark cloud over the red metal. The scenario in the U.S. – the world’s second-largest copper user — also turned cold to close 2014...............................................Full Article: Source
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