China casts long shadow in copper market forecast

Apr 10, 2014 | 06:30 PM | Nathan Laliberte

Tags  copper, China, INTL FC Stone, Institute of Scrap Recycling Industries, ISRI, Edward Meir, Nathan Laliberte

LAS VEGAS — Continued fears of a drastic economic slowdown in China have led to muted forecasts for primary copper prices in the second and third quarters of the year, analysts said at the Institute of Scrap Recycling Industries’ annual convention in Las Vegas.

"If you want to know what’s going on with copper you must look to China," Edward Meir, an analyst at New York-based INTL FC Stone Inc. said during a panel discussion. "No other country comes as close to impacting price as China does, especially given the fact that they buy 40 percent of the world’s copper."....

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