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MYMETAL: China’s spot Cu prices touch near 8-year high

Copper prices in China’s spot market last week continued trending up to reach a new high since late February 2013, benefiting from the sustained decline in stocks and tracking the surge in prices globally, Mymetal noted.
The country’s national price of 99.99% copper cathode jumped by Yuan 3,134/tonne ($4476.7/t) or 5.8% on week to Yuan 57,221/t including the 13% VAT as of November 30, Mymetal’s assessment showed. In the meantime, three-month copper on the London Metal Exchange also hit a new high since March 2013 at $7,681/t


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