Financial Times FT.com

China predicts copper price fall

By Geoff Dyer in Shanghai

Published: November 19 2005 02:00 | Last updated: November 19 2005 02:00

The Chinese government predicted yesterday that copper prices would fall sharply next year as prices continued to rise on speculation about the conduct of a Chinese trader.

The National Development and Reform Commission (NDRC), the government's main body for economic planning, forecast that Chinese imports of the metal would decline slightly next year and that the price, which is at its peak, would drop to about $3,500 a tonne.

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