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The Wall Street Journal reported that copper prices were higher on Monday following data showing that Chinese imports for the metal rose 12 percent in August.
The Wall Street Journal reported that copper prices were higher on Monday following data showing that Chinese imports for the metal rose 12 percent in August.
As quoted in the publication:
The most actively traded contract, for December delivery, was recently up 1.75 cents, or 0.75, at $2.4035 a pound on the Comex division of the New York Mercantile Exchange.
Chinese imports of refined copper rose 12% in August from a year earlier to 262,691 metric tons, monthly data from China’s General Administration of Customs.
Meanwhile, imports of copper concentrates, a form of crushed-up copper ore that is later refined into sheets of pure metal, rose 20% in August from a year earlier to 1.15 million metric tons.
Click here to read the full Wall Street Journal article.
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