Near-Record Prices at LME Prompt Chinese Companies to Export 100,000 Tons of Copper

May 8, 2024 10:05:00

Copper is a heavily traded metal that has different applications in a number of industries. The metal’s producers in China plan to export nearly 100,000 metric tons, their highest volume in more than a decade. Their objective is to cool a rally that has pushed prices toward new highs.

Producers in the East Asian country are selling into the rally, driven by a frenzy that saw prices of the red metal on the London Metal Exchange reach…

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