Copper Up. Prices Rise Following Data From China

Copper prices on the LME metal exchange in London are rising following data from China on the export and import of the metal, brokers report.

Copper for 3-month delivery on the LME is priced higher than USD 9,778.00 at the end of the previous session.

On Comex in New York, copper is trading at $5.6090 per pound, up 0.08 percent.

On the Shanghai Metal Exchange (SHF), copper is priced at 79,450.00 yuan per tonne, up 1.46%.

Investors are assessing data from China on copper exports and imports.

In June, exports of refined copper from China increased by 134% and amounted to 79,008 tonnes.

Meanwhile, U.S. copper scrap imports fell to their lowest level in at least 21 years in June, further evidence of how President Donald Trump's tariff plans have disrupted global trade flows.

These imports fell below 2,000 tons in June from 14,023 tons in May. For comparison, the monthly average last year was around 36,000 tons.

China's total copper scrap imports fell to 183,244 tons in June, the lowest level since November 2024.

At the end of the previous session, copper on the LME gained USD 112 and cost USD 9,778.00 per tonne. (PAP Biznes)

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