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Copper remained in range China’s imports of refined copper soared in recent months.

Copper prices settled down by -0.33% at 719.65, influenced by developments in China’s refined copper imports and labour strikes at major copper mines. China’s refined copper imports surged, reaching a year-to-date high of 353,000 metric tons in October, marking the highest monthly volume in 2023. Cumulative imports for the first 10 months were only 4% below last year’s figures.

However, concerns emerged from a two-day strike at Peru’s Las Bambas copper mine, one of the country’s largest copper producers.

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