You are here

Glencore production cuts fail to boost copper

Slowdown in China's growth and huge inventory buildup may result in further falls in the price of the metal, which is already at a six-year low, say analysts


THE biggest cuts to copper production this year haven't been enough to overcome the drumbeat of China's slowdown.

While copper is still up about 2 per cent after Glencore plc said it would reduce its output, the advance has stalled on renewed fears about consumption in the