Copper is falling in price, and investors are staring at China

Copper prices on the New York Metals Exchange are falling as investors assess the prospects for stimulating the Chinese economy and give signals to brokers. Copper prices are driving many trends in the global economy.

Copper plays an important role in modern technology. It has served humanity for 7000 years, and it still retains its relevance. Electricity and electronics, the backbone of modern society, are based on the superior ability of copper to conduct electricity. Almost half of all copper is used for this purpose.

Copper is the most common material for motor windings. Electric motors are relatively simple mechanical devices, but repair and rewinding is a precise task that should only be undertaken by those with a lot of experience. Professional rewinding of electric motors Moscow can significantly extend the service life of equipment and provide significant cost savings, and the craftsmen are ready to restore electrical machines of any type in the shortest possible time.

Copper on the Comex in New York for July delivery fell 0.7 percent at $ 2.2670 a pound. Analysts suggest that the improvement in China's manufacturing sector data may indicate that the stimulus to China's economy will not be as strong as many market observers have estimated.

PMI in the manufacturing sector in China in April was 50.1 points and 50.2 in April. The data were reported Sunday by the China Statistical Bureau and the Federation of Logistics. This figure is already the second month above 50.0 PTS, which indicates the development of the sector. The service sector PMI in China was 53.5 points in April and 53.8 points in March.