Copper price down as China’s imports drop to lowest in two years
China’s copper imports in August dropped 41% year-on-year to their lowest since June 2019, as high prices and sluggish economic growth kept a lid on demand. Copper for delivery in December fell 1.3% from Monday’s settlement price, touching $4.278 per pound ($9,411 per tonne) on the Comex market in New York. Arrivals of unwrought copper and products into the world’s top copper consumer were 394,017 tonnes last month, the General Administration of Customs said, down 7% from a month earlier and the fifth straight monthly decline. “Chinese customers are not…
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