A slowdown in the Chinese economy and a cooling off of its real estate market are weighing down on the global copper market. But a rebound in US growth will only partially offset China’s decreased appetite for the red metal.
The 2011 price of copper has been severly influcenced by several factors, such as unfavourable economic data from the US, concerns over China's monetary tightening, and the financial stability of the Eurozone.
Copper prices lost half their value since reaching a record intraday level of $4.27 in May on the New York Mercantile Exchange’s Comex division. “Copper is usually a good gauge of economic health because it is broadly used, but more specifically because it is important to construction and equipment manufacturing that tend to precede [...]
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