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Copper price hits 28-month new high, stimulated by Chinese huge demand

22 Oct 2020 15:20 reported by Ivy Wei

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According to the market, the copper price has hit a 28-month new high in these few days.

The main reason for the strong increase was caused by the strong demand in China. In September, the total production of refined copper had increased by 10.3% year on year.

The strong resuming economy in China could keep the demand for copper to remain, and the renewable energy trend also pushed the demand to the next level.

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