Indian demand for copper rose to 512,000 tons in 2007/08, a 15% increase over the last two years, but is expected to grow only 6 to 7% for the current year, and 8 to 9% in 2009. Meanwhile, factory output fell 0.4% in October, the first drop in over a decade.
"There is a distinct slowdown in fresh investments due to the unavailability of capital and the reduction in business confidence," said the International Copper Promotion Council's India office.
Indian demand for copper rose to 512,000 tons in 2007/08, a 15%...
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