Copper Declines as Inventory Increases Signal Demand Weakness

BEIJING, July 7 -- China's Ministry of Commerce on Monday showed &quot;regret and discontent&quot; over India's move to impose a safeguard duty on aluminium imports from China.
&nbsp;&nbsp;&nbsp; The MOC said in a statement on its website that the move &quot;not only has a negative effect on bilateral trade, but also harms the interests of Indian enterprises.&quot;The Indian Finance Ministry said in a statement on June 19 that the country would imposed a safeguard duty of as much as 30 percent on imported aluminium products from China.
&nbsp;&nbsp;&nbsp; The MOC said China hoped the Indian government would encourage a closer cooperation between companies from both sides, and adopt a prudent attitude towards bilateral trade measures.
&nbsp;&nbsp;&nbsp; (Source: chinamining.org) 
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