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    copper investing

    China Expressing Interest in 2013 Copper Contracts: Codelco

    Investing News Network
    Nov. 30, 2012 09:54AM PST
    Base Metals Investing

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

    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.

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