Copper, Oil, Iron Ore All Drop: Because Of China?

After brief attempts at stabilization, copper, iron ore and oil – all considered early indicators as to economic health – are slipping in price. Writing in Barron’s, Teresa Rivas notes that slowing demand in China, which accounts for 40 percent of world consumption of copper, is behind the drop, while talks of stimulus – the magic cure all often cited as a cause for stock market cheer – caused Shanghai stocks to rally over the Christmas holiday. Reason’s behind copper’s price drop While China is being placed in the headline, slowing demand in Europe and the prospect of higher interest…