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Copper has been trading above $2.3 per pound in May, as recovering economic activity in top consumer China after the coronavirus lockdowns boosted expectations of stronger demand. Still, renewed tensions between Washington and Beijing have spooked investors. Historically, Copper reached an all time high of 4.63 in February of 2011.
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NBS: China raw iron ore output up 11.2% YoY in April China's production of raw iron ore in April increased 11.2% from a year ago to 74.38 million mt, with the accumulative output in the first four months of this year 3% higher at 262
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