China’s refined copper supply shortfall keeps metal prices near two-week high
Copper prices eased slightly on Thursday but remained close to a two-week high. Market support comes from a shortage of physical refined metal in China.
Yulduz Salimov1 min readText size
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On Thursday, copper prices dipped slightly but remained close to a two-week high. Market support comes from a shortage of physical refined metal in China, the world's largest consumer of the metal.
According to the source, limited refined copper supply has not allowed prices to fall significantly. China remains the largest consumer of the metal in the world, and demand in the country influences market dynamics.
Further details, including supply volumes, inventory dynamics and analyst estimates, are not provided in the material.
Source: aawsat.com
