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China’s copper imports drop in October as high prices curb buying
China’s copper imports dropped in October, official data showed on Friday, as consumers shied away from restocking due to high prices for the metal used in power and construction. Copper imports slid to 438,000 metric tons in October from 485,000 tons a month earlier, a 9.7% drop, according to data from the General Administration of Customs. Unwrought copper and copper product imports into China, the world’s largest consumer, include anodes, refined metal, alloys and semi-finished copper products. Copper prices surged in October, with benchmark three-month copper on the London Metal Exchange up by 6.03% over the ... (full story)
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