China’s Net Copper Imports Sink to Lowest Level Since ‘13: Chart

The world’s largest copper consumer is taking less of the metal. On a net basis, China’s imports of the commodity used in pipes and wires sank to 176,228 metric tons in July, the smallest amount since April 2013, according to Bloomberg calculations based on customs data released on Wednesday. Three-month copper futures in London erased all of this year’s gains to lag behind the five other main base metals in 2016.

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