The LME copper price has dropped by around 11% this quarter and is now trading near its lowest level since November. The red metal is now back to where it was before China ended Covid-19 restrictions. Copper was one the biggest winners following China’s reopening amid expectations that China’s support for the property market will kickstart demand for industrial metals. The red metal climbed to a seven-month high in January after the end of Covid lockdowns in China, but it has now given back all of its gains. The LME copper price fell from year-to-date high of $9,550.50/t in January to recently trade at a low of ... (full story)