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Reuters reported that Mexican copper output experienced its sharpest one-month drop in two years in October, falling 4.7 percent year-over-year due to waning global demand.
Reuters reported that Mexican copper output experienced its sharpest one-month drop in two years in October, falling 4.7 percent year-over-year due to waning global demand.
As quoted in the market report:
The fall in copper was caused by lower prices and slowing demand from major copper consumers like China, said Gonzalo Fernandez, an analyst with Grupo Santander in Mexico City.
