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Chinese Copper Demand Set To Grow for over Decade, says Freeport
Mar. 21, 2014 09:00AM PST
Base Metals Investing Reuters reported that Freeport McMoRan Copper and Gold sees China’s copper consumption growing for more than a decade as demand from China is still strong despite its economic slowdown.
Reuters reported that Freeport McMoRan Copper and Gold sees China’s copper consumption growing for more than a decade as demand from China is still strong despite its economic slowdown.
According to Freeport’s Javier Targhetta:
We are seeing still robust consumption in China. Of course there can be hiccups here and there. I think Chinese consumption of copper will keep growing for more than a decade.
According to Reuters:
Three-month copper on the London Metal Exchange was trading at $6,470 a tonne on Wednesday, regaining some ground after hitting $6,376.25 last week, its lowest since July 2010.
