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Copper Imports Tumble

Copper Imports TumbleCopper Imports Tumble

China’s copper imports fell for a second month to the lowest in more than three years as the week-long national Lunar New Year holiday sapped demand for the metal, Bloomberg reported. Inbound shipments in February of unwrought copper and products fell 32 percent from the previous month to 280,000 metric tons, the lowest since May 2011, according to data released by the General Administration of Customs on Sunday. Imports during the first two months of the year are down 24 percent from the same period in 2014. Copper rebounded 7.3% in London last month after a 13% tumble in January as investors weighed slowing economic growth in China against supply disruptions at mines globally.

Financialtribune.com