The price of copper, Peru’s main export metal, closed up at US$ 4,119 a pound this Friday on the London Metal Exchange (BML). With this, the red metal reached a progress of 0.9% compared to the day before.
According to a Cochilco report collected by the Chilean newspaper Diario Estrategia, the rise of the commodity occurs after exports from China, the world’s main copper consumer, totaled US$315,590 million last March.
This revitalization of Chinese consumption represents an annual increase of 14.8%, after the contraction of 6.8% in the combined figure for January and February, in what represents the first increase in sales of the Asian giant abroad since the last September, according to information from the General Administration of Customs of China.
For its part, imports from China added a total value of US$227.4 billion in March, a drop of 1.4% compared to the same month in 2022.
In general, the volume of China’s trade in March reached a value of US$542.990 million, 7.4% above that registered in March 2022. In this way, the input averages US$4.048 per pound so far this year with a fall of 11.1%.
Source: Larepublica
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