LME copper prices hit 7-year high
Green Car Congress
DECEMBER 13, 2020
Copper prices since 1 Jan 2000. An unexpectedly strong resurgence in Chinese cathode buying for scrap replacement, improving consumption, restocking and stockpiling purposes. Based on preliminary data from Chinese Customs, Chinese net imports of refined copper jumped by 45% y-o-y, or 1.3Mt, to 4.2Mt in Jan-Nov 2020.
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