Copper prices have held up solidly this year due to endless Chinese demand, and have proven to...
Friday, July 20, 2012, 7:45 PM ETCopper prices have held up solidly this year due to endless Chinese demand, and have proven to be a sturdy hedge in the face of mostly downbeat global economic data. More importantly, it's resilience is a possible sign that perhaps the global downturn isn't as dire as it seems. Even as growth declines, infrastructure projects in China have been proceeding as scheduled. So, as long as China’s economy chugs along, copper will continue to retain its sweet spot as a counter-trade against the rest of the world's woes.
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