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Robert Friedland: China buyers return after Golden Week, copper rises 1.5 percent

Robert Friedland: China buyers return after Golden Week, copper rises 1.5 percent
Copper up as China buying resumes

Copper prices climbed 1.5 percent to $6.67 per pound as buyers in China re-entered the market following the conclusion of the Golden Week holiday, one of the country's most significant annual breaks. Speaking on market developments, Robert Friedland observed sustained demand, with no easing in the Yangshan premium for Chinese copper cathode. The continued strength in this premium suggests robust import interest, underscoring the resilience of Chinese demand despite the recent holiday.

Friedland had previously reported that copper touched a record high above $14,500 per tonne on the LME amid robust demand and tight supply. He also noted the recent Russian decision to ban sulphuric acid exports after earlier sulphur curbs. The developments reflect continuing attention to supply-side factors in commodity markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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