Reality check for copper price bulls as Chinese demand growth slows
Copper long speculators are at risk of a price pull-back due to a delayed pick up in Chinese demand in its traditionally strong industrial consumption season.
The country expects mining investments to increase 360% in the next four years compared to the 2013-2016 period as it has already granted 160 of the 420 explorations licences it put out to tender in July.
Over 24,000 people attended this year's Prospectors & Developers Association of Canada’s Convention — a strong indication that confidence has returned to the mineral exploration and mining industry.
Strike at Freeport's giant Peru mine takes offline world's three biggest mines, but worries about demand drops copper after huge jump in warehouse stocks.