(Bloomberg) -- Copper prices fell to a five-week low in Shanghai as China's imports surged in the first four months of this year, raising concern that the world's biggest consumer of the metal may be oversupplied.
China's imports of copper and copper products from January to April rose 61 percent to 1.1 million metric tons, compared with a year ago, according to preliminary customs data issued today. Imports were 304,672 tons in April, compared with a record 307,740 tons in March and 180,980 tons a year ago.
Read more at Bloomberg Commodities News
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