According to recently released customs data, China imported 26% more copper in August compared to the same period last year, signaling the unrelenting demand for the commodity. Copper ore and copper product imports into China range from refined to semi-finished copper products and also peaked at 498,188.60 tonnes in August compared to 394,017.10 tonnes last year, which represented a two-year low. China’s increase in copper imports came on the backdrop of reduced prices in July and August, which sparked buying interest among producers.
He Tianyu, a copper analyst at CRU Group, noted, “Lower copper prices in ...
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China’s Increasing Copper Demand Bodes Well For Mining And Exploration Companies