RTRS: Shanghai copper storms to record quarterly gain
Copper prices pressed higher on Tuesday, heading towards steep quarterly rises, with demand from China, the world's biggest buyer of the metal likely to stay firm well into the next quarter.
Japan's copper exports to China are likely to remain fairly robust until May or June, offsetting a slump at home, the new head of Japan's mining industry association said on Tuesday.
"There is no doubt that the decline in domestic demand is being filled by exports to China," Masanori Okada said.
"As the situation stands, I think we can expect at least some sales to China to continue until about May or June," he said.
