China's copper imports from Japan increased by almost one third
in November. Copper cathodes imports rose by 40% to 44,532 tonne while imports
of refined copper soared by 35% to 46,278 tonnes. China took advantage of lower
copper prices; LME Copper decreased from $10,000/tonne in the beginning of 2011
to $8000/tonne. Arbitrage opportunities between London and Shanghai exchanges
also supported demand of copper.
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