China May Switch to Russian Copper to Offset Possible Hike in Copper Prices Next Year

October 25, 2022 11:34:23

Currently, China is the largest consumer of copper globally. It is expected that in 2023, the country will purchase more copper from Russia in an effort to decrease the impact of the expected rise in premiums from other miners around the globe.

Forecasts from various market participants show that premiums of physical copper sales to the East Asian nation will…

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