New Coronavirus Outbreak in China Dampens Copper Prices
Feb 1, 2021
The prices of copper decreased on Friday, with many concerned that the rising numbers of coronavirus cases in China following a fresh outbreak would impact demand. The new outbreak comes ahead of the traditional Lunar New Year holiday, which sees industrial activity in the country slow down.
This comes after the copper smelting activity in the world increased in December 2020, led by China’s strong economy as well as its government’s stimulus…
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