By Jonathan Barratt


Copper is not performing on the back of disappointing economic data from the number one consumer of the metal, China. Industrial production came in less than expected and down 0.4% from the previous month. The figures for the last 12 months have been oscillating around 8.9 to 11.2% year on year growth and are starting to relay a story of stagnant growth from the region. In addition to this, the 10k tonne deficit that the market was expecting is now in question as forecasts for growth for the region remain mixed. In fact copper imports to China over the last month dropped by 20%.