Copper Prices Falling on China Slowdown, Europe Concerns

Copper prices are falling on expectations of a slowdown in the Chinese economy and rising copper stocks on the London Metal Exchange, said Raul Jacob, chief financial officer of Southern Copper Corp., the largest producer of the metal in Peru and Mexico.

Copper prices will rebound later this year on rising demand from Asia, which represents 60 percent of world copper consumption, and reduced copper supply by labor stoppages and technical problems, Jacob said.