Copper price rebounds on trade data

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The price of copper was pushed higher last week on positive rhetoric from Donald Trump about trade deal with China. This week the price rally is built on trade data from China that showed rebounding imports of refined metal. Except that concentrate imports increased to a new all-time high. The price is the highest since July and slightly above 6000 USD per tonne.

The price of copper is clearly rebound for the second week in a row. Source: xStation5

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