Chinese Copper Demand Set To Grow for over Decade, says Freeport

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.

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