(10/01) Copper Falls in London as China’s Imports Decline: LME Preview

January 10, 2011

Copper fell in London as imports of the metal into China, the world’s largest user, declined in December.
China reported a less-than-forecast $13.1 billion trade surplus for December, bolstering the nation’s bargaining position ahead of a Jan. 19 meeting where U.S. President Barack Obama may press for more gains in the yuan.
Copper imports by China, the world’s largest consumer, declined in December, as buyers took advantage of lower domestic prices.