Copper prices fluctuate before China's key economic data

Source: Investing.com
© Scanpix/Reuters
On Monday prices for copper fluctuated ahead of China's key economic data being released. Copper futures for March lost 0.3 cents and traded at $2.614 per pound, with fluctuations held between $2.593 and $2.636, compared to a low of $2,423 last week, a level unseen since 2009.  China, the largest copper consumer, accounts for nearly 40% of copper consumption in the world. Chinese GDP, which is going to be released on Thursday, is expected to rise 7.2% in the fourth quarter, slightly less than 7.3% in the third quarter, and have an impact on further copper prices. 
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