| Copper used to be considered one of the relatively bright spots in the recent downturn of commodity prices. But now it is becoming yet another victim of China’s slowing economy, and the future looks bleak. “There was always this belief that the deceleration in the Chinese manufacturing sector was going to not just stabilize, but there was this hope that we would see a modest reacceleration,” said John Mothersole, a research director with consultancy IHS, who specializes in metal price analysis and forecasting.
“Markets are coming to realize that those expectations were falsely held,” he said. Copper, like other commodities, has been on a decline since 2011. This year, the red metal is down 20 per cent...............................................Full Article: Source
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