Price of Copper Surges in China Following Central Bank’s Liquidity Injection
Earlier this week, the price of copper increased as the People’s Bank of China injected liquidity into the market, which helped the red metal recover from a new low while also showing support for the country’s economy. On the London Metal Exchange, benchmark copper rose 1% to reach $8,333 per ton. This comes after the metal hit $8,136.50 per ton, its lowest price since November 2022.
Aluminum on the exchange also rose by more than 1.5% to reach $2,266/ton, after on-warrant stocks in warehouses registered with the LME dropped to…
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