Reported 2 months ago
Copper prices have continued to rise from a five-month low, driven by increased demand for withdrawals from London Metal Exchange warehouses, indicating a potential recovery in China's demand. After experiencing a significant drop previously, the re-opening of an arbitrage window for refined copper imports to China has lifted premiums, while recent operational closures at major copper facilities in China and potential export bottlenecks from Africa further support price increases.
Source: YAHOO