China’s Copper Appetite Unsated With Imports Near Record

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China’s Copper Appetite Unsated With Imports Near Record

China bought huge volumes of copper in August, with imports not far from July’s record-breaking haul. The surge in demand from the world’s top user has been one of the main drivers in copper’s recent rebound, with prices trading near a two-year high. Traders and analysts see further gains ahead as China’s rapacious appetite for the metal leaves the rest of the world’s inventories running low.

©2020 Bloomberg L.P.

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