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المشهد العربي
Global copper prices rise on Chinese demand
Global copper prices have risen, supported by signs of a rebound in demand in China, the largest consumer of the metal. Local price premiums reached their highest levels since December 2023, driven by increased shipment sales and the effect of declining prices during the week on restocking. These gains occurred despite the U.S. Federal Reserve's interest rate hikes and reflect strong Chinese demand and an improved physical delivery rate for Yangshan copper, which has bolstered prices and sustained gains.
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