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Copper Jumps To Two Week High After China Imports Data

Copper soared yesterday on supportive risk sentiments as trade worries subsided and bargain buying stayed in place. Traders also eyed the Chinese copper imports data.

China imports of unwrought copper, including anode, refined and semi-finished copper products were down 11% on month to 361000 million tonnes in May. For the first five months of the year, imports came to 1.95 million tonnes, down 9.4%, the General Administration of Customs data showed.  However, imports of copper concentrate were 1.84 million tonnes in May, up 10.8% on Month.

Metal Tiger Plc (LON:MTR) is a London Stock Exchange AIM-listed investing company primarily focused on undervalued natural resource opportunities. Metal Tiger provides financial and business support to companies to maximise the value of their natural resource interests and through this they aim to deliver significant returns for its shareholders.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.