Copper Price Today: Copper Boosted by China Imports

The Wall Street Journal reported that copper prices were slightly up on Tuesday on the back of more encouraging import data from China.
As quoted in the publication:

The most actively traded copper futures contract, for March delivery, was recently up 1.65 cents, or 0.8%, at $2.0675 a pound on the Comex division of the New York Mercantile Exchange.
Chinese imports of copper and copper products totaled 460,000 metric tons in November, up 9.5% on the year, according to China’s General Administration of Customs. Despite the uptick, copper imports for the first 11 months of the year were down 2.8% from the same period of 2014 at 4.28 million metric tons.
“No doubt this is the only positive thing you’ve seen in quite some time in copper,” said Charles Nedoss, senior market strategist with LaSalle Futures in Chicago.

Click here for the full Wall Street Journal article.