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Raw material: Shanghai copper is on the rise

20/10/2025
Source : ORISHAS FINANCE
Categories: Sectors

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The Shanghai copper made progress on Monday. The production Stronger than expected Chinese industrial sector contributed to strengthening the Sentiment, even though the country's economic growth has slowed to an all-time low level in one year.

The most active copper contract on the stock exchange at Shanghai term gained 1.26% to trade at 85,790 yuan (12,041.88) dollars) per metric ton at 03:30 GMT.

The reference copper at three months on the London Metal Exchange gained 1.06% to trade at $10,717 per ton.

Chinese industrial production increased by 6.5% over one year in September, compared to 5.2% the previous month, according to data published on Monday by the National Bureau of Statistics.

This figure marks a three-month high and exceeds expectations by 5.0%.

Monday's data also showed that the China's gross domestic product grew by 4.8% in the third quarter, the slowest pace in a year, compared to 5.2% in the second quarter.

The world's second largest economy recorded a growth of 5.2% in the first three quarters and aims for annual growth of around 5%. China's next five year plan is at the center of concerns, economic operators hoping for a strengthening stimulus measures in the face of the slowdown in the growth of GDP.

Copper shortage in 2026 remains a concern for the market, because mining disturbances, especially at the Grasberg mine in Indonesia, the second largest in the world, have reduced supplies in raw materials.

Elsewhere among the SHFE base metals, aluminum fell by 0.26%, zinc fell by 0.16%, nickel lost 0.3%, lead gained 0.26% and tin lost 0.44%.

Among the other metals of LME, zinc added 0.56%, nickel increased by 0.19%, lead added 0.56%, lead increased by 0.3%, tin increased by 0.81%, while aluminum increased by little changed.

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