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The cooling off in China particularly has taken copper prices down some 23% since the start of 2011, again, a more drastic decline in commodity prices than in common stocks.
FORBES: Silver Down 30%, Gold Off 11% As Panic Hits Precious Metals
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The country -- a long strip that spans the western coast of South America -- is rich in mineral resources, particularly copper.
CNN: STORY HIGHLIGHTS
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The increase in the LME copper stockpile has been particularly noticeable, more than doubling from around 210, 000 ton in September to a current level of 530, 000 tons, with most of the increase coming in the past two months, lifting the stockpile close to a five-year high.
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The bigger issue for copper will be future consumption, particularly as the government continues to try to tame the economy in an effort to control inflation, Gross said.
FORBES: FT Story On Chinese Copper Inventories Captures Attention, But Impact Likely To Be Muted