China Expressing Interest in 2013 Copper Contracts: Codelco

Bloomberg reported that Chilean copper miner Codelco says that China is expressing solid demand for next year.

As quoted in the market report:

The world’s second-largest economy in September approved plans to build as much as 2,018 kilometers (1,254 miles) of roads and subways estimated by Nomura Holdings Inc. to be worth about 1 trillion yuan ($161 billion). Data from factory production to retail sales show growth in China picking up this quarter after a seven-quarter slowdown and Rio Tinto Group Chief Executive Officer Tom Albanese said this week the nation is beginning to see “green shoots”.

To view the whole Bloomberg report, click here.