(Bloomberg) -- Copper prices in Shanghai rose for a
fourth day to the highest in 10 weeks, tracking gains in London,
on speculation that supply may lag behind demand growth in China,
the world's largest consumer of the metal.
Nine Chinese copper smelters, which produce 68 percent of
the nation's production, may lower output by between 10 percent
and 15 percent in the second half of this year because they can't
cover the cost of buying and processing imported raw material.
Imports of refined copper and alloy to China fell 6.8 percent in
June from May, the customs office said today.
Read more at Bloomberg Commodities News
fourth day to the highest in 10 weeks, tracking gains in London,
on speculation that supply may lag behind demand growth in China,
the world's largest consumer of the metal.
Nine Chinese copper smelters, which produce 68 percent of
the nation's production, may lower output by between 10 percent
and 15 percent in the second half of this year because they can't
cover the cost of buying and processing imported raw material.
Imports of refined copper and alloy to China fell 6.8 percent in
June from May, the customs office said today.
Read more at Bloomberg Commodities News
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