Copper price up as Chinese imports surge

Copper price was up again on Monday as customs data showed China’s imports rose 4.7% for the first two months of 2021 from a year earlier, indicating stronger demand for the metal.

May contracts rose 0.02% to $4.098 per pound ($9,015.6 per tonne) by midday in New York.

Click here for an interactive chart of copper prices

Arrivals of unwrought copper and products into China were 884,010 tonnes in January and February combined, up from 844,723 tonnes a year earlier, the General Administration of Customs said.