China slowdown in power spending may curb copper demand

Jun 18, 2013 | 10:21 AM | Everdeen Mason

Tags  Barclays Capital, China power grid, copper, Everdeen Mason

NEW YORK — Growth in China’s power grid spending is expected to slow after investments in the sector stalled in May, Barclays Capital Plc analysts said, noting that copper could suffer.

"As the power sector accounts for around 40 percent of Chinese copper consumption, the sudden loss of momentum raises concerns that copper demand could likely run out of steam," the report said.....

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