You can read this copper news story at the top of the HC front page.
..in brief;
"The market is worried about Chinese economic growth slowing down which is hitting the country's demand for industrial metals," said analyst Helen Lau of Argonaut Securities in Hong Kong. "There is overall pressure on the commodity market, we saw steep decline in crude oil prices due to deflationary concerns."
To counter the weak metal prices, nine large copper smelters in China have agreed to cut sales of spot metal by as much as 200,000 tonnes in the first quarter of 2016, an executive at one of the smelters said.
This is in addition to an earlier decision by smelters to cut production next year by at least 350,000 tonnes.
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Nothing new here but China's stalled economic growth is affecting the copper price at the minute. I used the word stalled because I believe it has stalled rather than continuing to weaken....♦
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