Why Copper Prices Are Falling Despite China Paying a Record Premium
Chinese buyers are paying a record premium of over $200 a ton to import copper. The benchmark price in London, however, slid to a one-week low on Friday. Bloomberg tied Friday’s drop to a tech selloff and oil at its highest since April. The physical market, however, keeps tightening as copper piles up in the The post Why Copper Prices Are Falling Despite China Paying a Record Premium appeared first on BeInCrypto.
Key Takeaways
- Chinese buyers are paying a record premium of over $200 a ton to import copper.
- The benchmark price in London, however, slid to a one-week low on Friday.
- Bloomberg tied Friday’s drop to a tech selloff and oil at its highest since April.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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