Copper consumption in China is expected to drop 8.5% to 5.6M metric tons this year, contracting...

|By:, SA News Editor

Copper consumption in China is expected to drop 8.5% to 5.6M metric tons this year, contracting for the first time since 2008 before rebounding in 2013, Simon Hunt says: "The safety valve of exports has gone, the domestic economy is slowing down, they have a problem of surplus capacity and cash is extraordinarily tight... There are no signals of a recovery in heavy industry and manufacturing."