Copper prices have been responding to changing expectations about the prospects for the global economy. Prices are down 15 percent since March and 3 percent for the year, in large part due to ongoing concern about the European community’s ability to resolve its debt crisis and the impact of austerity measures by an assortment of European governments – worries compounded by the deceleration of China’s growth and resulting lower demand from the world’s largest consumer of the metal.
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