From cars to air-conditioning units, copper intensive sectors are showing signs of an unexpected boom in China, prompting calls that the metal's price could rise further into next year amid shrinking supply stocks, Fastmarkets understands.
Hitting $6,380 per tonne last week, the London Metal Exchange's three-month copper price has surged past pre-pandemic levels to its highest since June 2018, despite lingering market concerns over the global economy, for which the metal is often seen as a bellwether."Growth...