Copper price rally builds after China imports surprise

MINING.COM | Copper jumped on Tuesday after a rebound in Chinese imports of the metal indicated the country’s manufacturing sector may be emerging faster than initially thought from the covid-19 slump.

Copper trading in New York rose by more than 1% to $2.3355 a pound ($5,150 a tonne) in early afternoon trade, a four-week high. Last month, the bellwether metal briefly traded below $2.00, levels last seen during the global financial crisis of 2008-2009.

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