China's copper imports push prices higher
Copper prices have risen significantly due to increased imports in China, the world's largest consumer, reaching their highest level in nine months amid declining domestic and international stocks. The price of copper on the London Metal Exchange increased by 0.8%, reaching $13,633 per ton, driven by strong Chinese demand, with the Yangshan premium index climbing to its highest level in 14 months at $100 per ton. Additionally, copper inventories in global warehouses declined, reflecting weak supply and increased market investment, with expectations of continued pressure on the U.S. market due to trade tensions and the imposition of tariffs.
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