Wednesday, April 21, 2010

Copper Imports Rise 53 Percent in China from February to March

Copper demand continues to be strong from China, as imports from February to March surged 53 percent, adding continual support to copper prices.

Even with China attempting to slow down its continually hot economy, that doesn't seem to be having much impact on precious metals, and copper in particular.

But if China does slow things down by a percentage or so, that won't do a lot to alleviate the demand for copper in the country, and copper prices will respond accordingly.

Infrastructure expenditure and increasing demand from the growing Chinese middle class just about guarantees this isn't going to end any time soon, and copper companies should ride this wave to strong earnings for at least a couple of years, and including copper price corrections, will probably continue for another decade or so.

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