Rise in China copper production suggests.....>

METALS: Rise in China copper production suggests 'robust' recovery (FT)

- China's copper smelters further cranked up production in June, adding to

evidence that the world's top consumer of raw materials is recovering from an

economic downturn caused by the Covid-19 crisis. The China subset of the Savant

Global Copper Smelting Index, which uses satellites to monitor industry

activity, registered a reading of 53.9 in June, where 50 represents average

levels. Analysts were especially encouraged by the second consecutive month of

expansion - though the reading was down a little on the 54.6 recorded in May -

given that rising costs for ore were putting a squeeze on the sector.

- Link: https://www.ft.com/content/d91e9fb3-0b60-4c38-aa88-4f3763f82880