Weak Chinese Data Contributes to Copper Dip

Reuters reported that copper tumbled almost one percent on Monday, pulled down by weak Chinese growth data and a dip in imports.

As quoted in the market report:

There’s pressure because of a slowdown in growth, and there has been a focus on copper because it has been trading at a significant premium to its accepted fair value,” said Deutsche Bank analyst Daniel Brebner

To view the whole Reuters report, click here.