Copper falls after China trade data, but may have bottomed out

London copper edged down on Tuesday as Chinese imports of the metal fell 17.5 percent in June from a month earlier, with traders cautious ahead of China GDP data this week.

But some market participants said that copper prices could have bottomed out as disappointing trade numbers from China, along with a raft of other gloomy global economic data, could prompt more stimulus moves by central banks, broadly boosting appetite for commodities.

Reuters

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