China may import record volumes of copper

According to SMM experts, this year China can import record volumes of this metal.

Experts from the research company SMM Information & Technology Co. Shanghai estimates that imports of copper ore and its concentrate to China will increase by 15 percent in 2018 to a record 20 million tonnes.

Increased spending on new infrastructure investments and restrictions on the use of scrap will increase demand for copper in China, which is the world's largest consumer of copper, they add.

Also, overseas purchases of unprocessed copper products increased by 16% in the first 7 months of 2018. - emphasize SMM experts.

Copper in three-month supplies on the LME costs 5.968.00 USD per tonne. Copper on the LME in London rose 0.7 percent.