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Copper price £ 4.10 / kg and stocks 216 kT

Copper price recovers to £ 4.10 / kg as China emerges from lock down and western leaders consider how to exit their lock down.

Major recession in the western economies will depress demand for at least the rest of this year.

As the virus spreads through copper mining areas there is potential for supply disruption, so I expect that the price of copper will remain relatively stable.