Copper Limping, on Track to Post Worst Quarter Since 2011

Bloomberg reported that copper’s troubles continue, and that it is on pace to mark the worst quarter since 2011, as it continues to be dragged down by questions surrounding China’s economic prospects and associated demand.

As quoted in the market report:

Economists from Goldman Sachs Group Inc. to China International Capital Corp. this week cut their China growth forecasts for this year. China’s central bank on June 25 called on big banks to further their roles as market stabilizers, as signs of the nation’s biggest squeeze on credit in at least a decade pushed interbank borrowing costs to a record last week. China accounts for more than 40 percent of world copper consumption.

To view the whole Bloomberg report, click here.