| Amid broad advance in metals and energy, copper price sinks to lowest in four months – is China and world economy worse off than is currently believed? Copper's weakness comes despite Chinese trade data released earlier this week showing 2016 imports of refined copper are up 22% compared to the first five months last year.
The increase in copper concentrate imports is even more dramatic with Chinese smelters taking up 34% more at 6.7 million tonnes so far this year. Copper is the second worst performing metal this year behind lead and is down more than 12% since end April...............................................Full Article: Source
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