Copper Imports by China Gain for a Fifth Month on Arbitrage

Business Week reported that refined copper imports by China rose for a consecutive fifth month in October, after convenient arbitrage between London and Shanghai made it profitable to ship copper.

As quoted in the market news:

Shipments were 295,341 metric tons in October, the customs agency said in an e-mailed statement today. That compares with 275,499 tons in September, and 169,897 tons a year ago, according to Bloomberg data.

Click here to read the full Business Week report.