Copper Trading May Affect the Cable Industry

Copper declined in London on Wednesday amid weak export data from China. This was another blow to the sketchy demand of a metal whose future looks bearish as long as weak data keeps pouring in from China. Despite increased imports of copper in China, investors have chosen to focus on missing export numbers.  However, it seems that even if demand grows, the state of current supply will be unable to meet it halfway. Copper has been hoarded by two firms at the London Metal Exchange, which has artificially reduced the supply of copper and has made access to the metal harder.  Inventories of copper tracked by the London Metal Exchange are the highest in the last ten years. Current amounts...