Colosseum a.s. (Colosseum a.s.)
Commodities  |  August 02, 2012 08:35:28

The slowdown has sent copper industry below

ColosseumCopper price weakened yesterday the most in more than a week after the publication of statistics very positively, that supports the development of industrial production in China and the USA. Purchasing Managers' Index in China fell unexpectedly in July the lowest for the past 8 months. In the U.S., the industry fell for the second month in a row and there are fears that this trend may continue. Both countries are the most important consumers of copper in the world. It is also the copper in the industrial production of one of the most widely used metals. Over the past year is cheaper in total copper by 23%. The September copper fell yesterday on the CME by 1.2% to 337.50 cents per pound weight. and # 160;

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