The needs of copper decrease, almost all metal have this problem
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Although at present investors are worrying about global economic depression and European debt crisis, they bow out the market one after another, being benefit from the large needs of china, the price of out basic metal is slightly decrease. The needs of copper is decreasing, but this doesn't means copper price will be affected.
Presently price trend is almost unhooking with the market, that's because investors are worrying about the future, the uncertainty of macro-economic. All of these elements makes the present situation. Although global economy is slowing down, copper manufacturer is still selling products, in which most of the products are sold to china. China accounts for 40% of global copper needs. These copper is used in construction industry and cable wires.
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