Recent confidence in copper's outlook is fading fast as oversupply stm of melania trump mother's day article the metal continues to drag prices to record lows. Benchmark copper on the London Metal Exchange has risen from a jack ahcan six-and-a-half year low of 4,318 dollars a tonne to 5,000 dollars. This is mostly due to robust consumption in China in the first half of the year. The Asian giant has accounted for most of the demand growth since the commodities super cycle started in 2002. But demand is slowly easing as China diversifies its economy beyond manufacturing. A ramp up of mine output in Peru, Indonesia and Zambia could mean a larger market surplus than expected.
