Copper in London goes down close to $ 6700 per ton

Copper prices on the London Metal Exchange are falling, remaining slightly above $ 6700 per tonne. Metal on the LME for 3-month delivery trades at $ 6,707.00 per tonne, after falling 0.6 percent.

Most industrial metals have lost their value. Changes in the Chinese leadership could be a turning point for the growth of the Chinese economy, as the new political authorities seek to reduce the risks associated with debt.

Analysts expect some copper gains to be near highs, but copper outlooks remain positive. Investors are waiting for a clear outlook on the Chinese economy that could criticize the meeting of Chinese leaders at next month's summit.

“Despite the fact that the global economy is running at full throttle, economists warn that this is not as good as it seems,” writes Michael Hay, an analyst at Societe Generale.