China’s copper imports drop

China’s April refined copper imports fell 33 per cent from a year ago to hit 183,023 tonnes, data revealed yesterday, while refined copper exports rose six per cent to 29,072 tonnes. The figures saw the metal take a hit on the markets. Benchmark three-month copper on the London Metal Exchange closed at $7,375 a tonne from $7,399 at the close on Monday. The metal is down seven per cent this year.