Industrial Insight

Copper and China…. | October 6, 2011

http://blogs.wsj.com/marketbeat/2011/10/04/coppers-collapse-made-in-china/?mod=WSJBlog

  • October 4, 2011, 1:18 PM ET

Copper’s Collapse: Made in China

  • By Tatyana Shumsky

Chinese copper demand is showing signs of weakness, says Societe Generale.

China has “slashed” the volume of public-housing construction by 20% for 2012, while a high-speed rail accident has stalled expansion activity in that sector.

“There are clear signs that Chinese consumption is slowing,” says SocGen.

China is the leading consumer of copper, a metal widely used in construction and manufacturing because it easily conducts electricity.

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