Copper Unaffected by Weak Chinese Economic Data

Mining.com reported that Chinese imports of copper and iron appear to have been largely unaffected by surprisingly weak economic data from the Asian nation. Appetite for the red metal could be due to a continuing practice of using copper for financing deals.

As quoted in the publication:

Copper shipments also defied weakness in China, rising a whopping 31.4% on year to 420,000 tonnes, up from 379,000 tonnes in February due to the Lunar New Year holiday particularly strong 536,000 tonnes in January this year.

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