Copper: the short-term rebound gives way to further declines

Despite a rebound on Wednesday, 27 March, buoyed by production cutback plans agreed by major copper smelters in China and signs of stabilisation in the Chinese economy following improved industrial profits, copper prices triggered renewed weakness today. Three-month copper on the London Metal Exchange (LME) was trading -0.36% lower on a daily basis at $8,837 […]