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London . Copper prices fell on Monday in London with most industrial metals, after data showed that China's economy grew at a slower pace in the second quarter, indicating a demand lower for commodities
Copper on the London Metal Exchange (LME) lost 0.89% to US $ 6,181.5 per tonne at 1220 GMT, near its lowest level in a year . Prices fell by about 14% in 2018.
The economic activity of the world's largest consumer of metals has been subject to government pressure to contain the accumulation of debt, while China's industrial output grew at its own pace lower in two years due to the intensification of the trade war with the United States.
Carsten Menke, commodities badyst Julius Baer, said that Chinese GDP data indicate that there is some stability in the economy, but they reveal an oscillation of the "old activity "based on investment in infrastructure.
"These segments represent between 40% and 60% of the demand for metals from China and if we see a slowdown in the" old economy "it can not be
Copper stocks in warehouses registered in LME increased by 1,525 tonnes to 257,200 tonnes, although they are still at their lowest level since January.
Of the other metals for industrial use, aluminum gained 1.67 tonnes. % to US $ 2,065 per tonne, while zinc lost more than 3% to US $ 2,508 per tonne
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