Copper price weakens as demand falls

COPPER has been a superstar of the base metals complex but of late worries about China’s dropping consumption and a potential surplus of the metal have driven its price down from highs of $US8874 to the current price of $8156. While this is a gain over the last session, traders say price falls are bound to continue. Australian copper plays, meanwhile, reflected the wider market with a choppy, mostly negative session.

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