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Copper rebounds on China stockpiling, stronger risk sentiment
Benchmark three-month copper on the London Metals Exchange gained 3.6percent to USD13,360 a metric ton in official open-outcry trading, having sunk to a three-week low in the previous session. LME copper soared to a record peak of USD14,527.50 on Thursday, fuelled by speculative buying, then plunged 14.5percent from that high to an intraday low on Monday. “Today’s bounce is sending quite a strong signal that the underlying appetite for metal exposure has not suddenly suffered a sudden death,” said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. “Also, that headline about China increasing ... (full story)
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From finance.yahoo.com | Feb 3, 2026
Copper rebounded as a metals selloff led by silver and gold eased and a state-backed industry group called for China to boost its strategic reserves of the crucial industrial metal. China should expand the size of the reserves and also work with major state-owned producers to boost commercial stockpiles, according to the China Nonferrous Metals Industry ...
From brecorder.com | Feb 4, 2026
Shanghai copper climbed on Wednesday as investors reacted to China’s plan to expand its strategic reserves. The most-active copper contract on the Shanghai Futures Exchange climbed 2.45% to 103,120 yuan ($14,864.57) a metric ton as of 0330 GMT. The benchmark three-month copper on the London Metal Exchange, meanwhile, dipped 1.11% to $13,328.50 a ton. China ...
I have just completed an excellent telephone conversation with President Xi, of China. It was a long and thorough call, where many important subjects were discussed, including Trade, Military, the April trip that I will be making to China (which I very much look forward to!), Taiwan, the War between Russia/Ukraine, the current situation with Iran, the purchase of Oil and Gas by China from the United States, the consideration by China of the purchase of additional Agricultural products including lifting the Soybean count to 20 Million Tons for the current season (They have committed to 25 Million Tons for next season!), Airplane engine deliveries, and numerous other subjects, all very positive! The relationship with China, and my personal relationship with President Xi, is an extremely good one, and we both realize how important it is to keep it that way. I believe that there will be many positive results achieved over the next three years of my Presidency having to do with President Xi, and the People’s Republic of China! PRESIDENT DONALD J. TRUMP
