Copper Prices Hit Lows As Weak Demand and Growing Inventories Point to Global Economic Weakness

Copper futures prices are at their widest spread vs spot prices since 1994, indicating weak demand.

Inventories are piling up at London Metals Exchange warehouses as Chinese demand falls.

Analysts say declining Chinese demand is a sign of broader global economic weakness.

Copper is seen as a barometer of the global economy but some question its predictive ability.

Copper prices are near their lowest levels since May as inventories build.