High copper prices uphold strong non-ferrous base metal markets

25.11.2020

Shanghai copper prices hovered near 2-1/2-year highs on Friday, underpinned by strong physical demand in China and hopes of supportive U.S. policies for the metal used in renewable energy under a Joe Biden presidency.

“Physical demand is pretty good in China, in production and in fabrication,” said NAB analyst Lachlan Shaw.

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