Copper prices have lost more than 9% over the past week, more than 12% since the beginning of the year, and are at their lowest levels since mid-2010.
The main culprit has been increased concern about the outlook for the Chinese economy, the world's largest copper consumer, triggered by a default of a small Chinese solar energy company on Friday.
The outlook for copper remains fragile as we have probably not seen the end of the current Chinese slowdown. However, a further strengthening of the recovery in the US and Europe should offer some support to copper demand and prices.
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