| Copper and zinc shrugged off weak Chinese manufacturing and trade data on Thursday, building on strong gains made in the previous 24 hours. Factory activity in China, which consumes more than 40 per cent of the world’s industrial metals, hit a three-month low in August, according to HSBC’s latest PMI figures.
Separate customs data showed that China’s refined copper imports dropped in July to 244,959 tonnes, the lowest since May 2013 and a 16 per cent fall year on year. The decline in imports was partly a result of the probe into suspected metals financing fraud at Qingdao port...............................................Full Article: Source
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