Copper price bounces on news about fresh investment in China. mining
China’s southern manufacturing hub of Guangzhou plans 1,722 projects in 2023 worth more than 6.5 trillion yuan , state media CCTV reported on Thursday.
“If you started out having a handsome profit on a breakout, then a fundamental piece of supportive news is enough for those sellers to have a rethink.” The most-traded February copper contract on the Shanghai Futures Exchange dropped as much as 1.8% to 63,850 yuan a tonne on Thursday, its lowest since Nov. 4, 2022.in December as smelters shut for maintenance after a year of sluggish activity, data from satellite surveillance of metal processing plants showed on Thursday.
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