Copper defies predictions for a better future

Copper defies predictions for a better future. Economists say the world economy will do better this year. The copper market is saying that won't be enough to eliminate a supply glut that's lasted at least two years. Prices of the metal slumped to the lowest since October 2009 today, fueled by concerns that production is outpacing demand. Deutsche China's copper consumption will grow at the slowest pace since at least 2010. Bart Melek, Head of Commodity Strategy at TD Securities says Copper has been historically fairly decent envisioning what's to come in the economy. It doesn't like what it sees. (VIEW LINK)