Copper Surplus Impacting Economies in Asia and Latin America
Copper prices have been trading at close to 25 percent below their 2011 peak due to a surplus. China’s economic slowdown is expected to impact copper demand as the country consumes 40 percent of the world’s supply and global copper production has increased as well. Chile, Peru and Australia rely on copper exports to China, and without China buying copper, it may weaken their economies.
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