China’s Weak Manufacturing Pushes Copper Prices Down

The Paragon Report reported that copper futures were down the biggest decline in seven weeks last week on the back of weak demand from China and trade disputes with Japan.

As quoted in the press release:

 Demand from China, responsible for roughly 40 percent of the world’s copper consumption, is expected to increase by 4.2 percent in 2012, below previous estimates of a 5 percent gain according to China International Capital Corp.

Click here to read the full press release.