Economics
Copper Treads Water as China Defeats Stockpile: Chart of the Day
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Copper prices are failing to rise even as stockpiles slump because of concern that slowing growth in China will stifle demand, according to Societe Generale SA.
The CHART OF THE DAY shows while London Metal Exchange-tracked inventories slid 58 percent since June to a 14-month low, prices only rose as much as 13 percent and are down 3.8 percent this year. China’s economy will expand in 2014 at the slowest pace since 1990, estimates compiled by Bloomberg show.