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Home / Capital / Brokers Calls

Resilient Chinese demand sees surprise copper rally

Broker's Calls

Resilient Chinese demand sees surprise copper rally

Ng Qi Siang Published on Wed, Aug 05, 2020 / 4:06 PM GMT+8

A-

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It was supposed to be a difficult year for copper, with prices declining 25% to a low of US$4618/tonne ($6332.46) on March 23 due to weak demand from Covid-19. Yet June and July have seen an unexpectedly strong rebound in copper prices, with the commodity experiencing a 42% growth to US$6,545/tonne on July 13.

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