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Copper price fall hints at manufacturing slowdown in China: LME head

Exchange plans to launch lithium contracts with Chinese price as benchmark

The LME is in talks with Chinese authorities to open its first warehouse in mainland China.    © Reuters

TOKYO -- Falling copper prices are a signal that Chinese manufacturing is slowing down amid the trade spat between Beijing and Washington, said Matthew Chamberlain, CEO of London Metal Exchange, in a recent interview.

Copper prices yield clues to the state of the economy because the metal is used in many industrial products including wire cables and semiconductor parts. As China accounts for nearly half of global demand, the direction of copper prices also reflect the state of the Chinese economy.

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