Copper price rises on strong export growth in China

  • 11/08/2021
  • Source: Mining.com
  • by: MINING.COM Staff Writer
Copper price rises on strong export growth in China
The copper price rose on Monday as worries about demand in top consumer China were offset by strong export growth data from the country.

Copper for delivery in December was up 1.6% on the Comex market in New York, touching $4.41 per pound ($9,702 per tonne) on Monday afternoon.

China’s export growth beat forecasts, helped by booming global demand ahead of the winter holiday season, an easing power crunch and an improvement in supply chains that have been badly disrupted by the pandemic.

Exclusives

Element 29 Resources boasts two flagship projects with enormous porphyry copper potential, in a market where copper demand is seen doubling with record supply deficits leading to higher copper prices.


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