Why Copper Prices Are Falling Despite China Paying a Record Premium

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Chinese buyers are paying a record premium of more than $200 per ton to import copper. Nevertheless, the London benchmark price fell on Friday, reaching a one-week low. Bloomberg attributed the decline to a tech selloff and to oil prices at their highest level since April. The physical market, however, continues to tighten.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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