Copper stabilizes despite Chinese demand slowdown
Copper prices remained steady during Tuesday's trading, despite pressure from weak Chinese demand and geopolitical tensions in the Middle East. The price of copper on the London Exchange declined by 0.22% to reach $13,585.5 per ton, as global inventories continued to decrease, supporting prices. Meanwhile, Chinese data showed a 7% drop in imports during the first five months of the year, raising concerns about global demand for the metal.
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