Copper Futures Decline on Weak Chinese and Japanese Economic Data

Copper for March delivery lost 1.3 cents to trade at $2.89 per pound on Monday, according to NASDAQ.

As quoted in the publication:

Data released earlier showed that China’s exports climbed 4.7% from a year earlier in November, missing expectations for a 7.9% increase, while imports fell 6.7%, compared to forecasts for a gain of 3.5%.

Separately, revised data showed that Japan’s economy shrank by an annualized 1.9% in the third quarter, more than the preliminary estimate of a 1.6% decline.