Copper Prices Flatline As Chinese Demand Struggles To Recover

Via AG Metal Miner   Hopes of a recovery in copper prices seem to have flat-lined since the start of February. The primary reason for this is lukewarm demand from China, one of the world’s biggest copper consumers. This effectively ends the price surge markets saw over the past few months, culminating at the end of January. Initially, the optimism over China’s comeback aided copper’s upward momentum. Now, the market’s attitude has changed from general optimism to one of “watch and wait.” Most analysts simply…