Base Metals Preview: COMEX Copper Hits Five Week High

9 Aug 2022 , 02:32 PM

Copper futures edged up today as rising Chinese Copper imports boosted the sentiments. The commodity also tracked firm equities and hit a near five week high of $3.60 per pound. Chinas imports of copper showed a jump of 9.3% from a year earlier, customs data showed. Unwrought copper and copper product imports into China, including anode, refined, alloy and semi-finished copper products, totalled 463,693.8 tonnes in July, compared with 424,280.3 tonnes a year earlier. Powered by Commodity Insights