Copper`s bull run at risk as China enters slow summer season
(WorldNews Business)

SINGAPORE/BEIJING — A stunning V-shaped recovery in the price of copper is looking stretched as top consumer China enters its summer construction slowdown and fears of supply disruptions from the coronavirus have been mostly priced into the market. Benchmark three-month copper on the London Metal Exchange leapt 21% in the second quarter – its best quarter in a decade – on a strong post-virus recovery in China, fears of supply upsets, a weaker U.S. dollar and massive global stimulus. The metal used in everything from construction to consumer goods has now recovered all of its losses in 2020, rebounding back past $6,000 a tonne. However, as the hot, wet summer months have...