Macro Finance
Key China Copper Gauge Rallies to $100 After Tax Crackdown
Bloomberg Markets·July 20, 2026·1 min read
A key gauge of China's copper market rallied to its highest level in over a year, reaching $100. The surge follows a tax crackdown in the metal's biggest market, which has spurred a shortage of scrap and boosted demand for imports. The move signals tightening supply conditions in the copper sector.
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