China moves from copper destocking to restocking
BNamericas cited Mr Nicholas Snowdon an analyst with UK based investment bank Barclays Capital as saying that China is moving from a copper destocking to restocking phase after the summer break which together with continued strength in semi manufactured products output should fuel a pick up in refined imports and tighten global market dynamics.
Copper had the biggest shortage in two years in November on imports into China, the world's largest buyer, according to the International Copper Study Group.