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Copper falls as Chinese factory growth tumbles to 17-year low

From reuters.com

Copper prices fell on Wednesday after industrial output growth in China, the largest metals consumer, fell to a more than 17-year low, weakening the outlook for demand. Benchmark copper on the London Metal Exchange (LME) was down 1% at $5,773 a tonne at 1049 GMT, nearing a two-year low of $5,640 reached earlier this month. Copper had risen on Tuesday after U.S. President Donald Trump said he would delay new tariffs on Chinese imports, raising hopes that an economically damaging trade dispute could de-escalate. But the Chinese data and figures on Wednesday showing that Germany’s economy contracted in the second ... (full story)

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  • Category: Fundamental Analysis