RE:Cu Chart - Jan 2022 $5.62
Copper futures break above $4.6 per pound for the first time in nearly four months, tracking gains in other metals such as aluminum and zinc as output cuts driven by power crunch in Europe and Asia more than offset worries over falling demand at metals-manufacturing companies. Also, the latest data showed imports of unwrought copper and copper products to Chinese ports rose month-over-month to 406,016 tonnes in September, after five months of decreases, as shipments previously held up by pandemic curbs made their way into the world’s largest copper consumer.