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Reuters reports that copper rallied to a record high on Monday, after a surprise jump in Chinese imports reinforced prospects for robust global demand and raised hopes of extended restocking by the world’s top consumer.
Reuters reports that copper rallied to a record high on Monday, after a surprise jump in Chinese imports reinforced prospects for robust global demand and raised hopes of extended restocking by the world’s top consumer.
The market news is quoted as saying:
“It could very well be that the Chinese economy is running hotter than anyone thinks,” said Bart Melek, vice president and director of commodities with TD Bank Financial Group.
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