Halifax Regional Police release Dartmouth suspect’s name and photo | SaltWire #news #novascotiaLONDON/BEIJING - China's copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years, aiming to cool a rally that has propelled prices towards record highs and hit their order books, three industry sources said.
Two of the industry sources said much of the copper shipped out of China was likely to come through bonded warehouses in Shanghai, where inventories at 77,800 tons compare with 6,600 tons at the start of 2024. "LME prices don't translate into what we are seeing in the physical market in China. You can see there is excess metal in stock data and premiums," one of the industry sources said.
The Yangshan premium dropping to a record low near zero signals waning appetite for Chinese copper imports.
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