Sept 21 (Reuters) - Prices of copper, used widely in the power and construction industries, were trading near a one-month low on Tuesday as a debt crisis at China developer Evergrande Group spurred a sell-off across markets and stoked worries over global demand.
Global stock markets grappled with contagion fears, sparked by troubles at China Evergrande as growing risks the property giant could default on its massive debt pile prompted investors to flee riskier assets.
Chinese markets are closed for a holiday and will reopen on Wednesday.
FUNDAMENTALS* The global world refined copper market showed a deficit of 90,000 tonnes in June, compared with a surplus of 4,000 tonnes in the prior month, the International Copper Study Group said in its latest monthly bulletin.
* Aurubis AG, Europe’s largest copper producer, said on Monday its Stolberg copper products plant in Germany will start resuming some production on Nov. 1.
Evergrande, London Metal Exchange, Global, Study, Aurubis, Japan Bank of Japan, Federal Reserve’s, Market Committee
China, Germany, Guinea’s, Conakry