Given expectations of shortages, which would coincide with a rebound in consumption on the automotive side and transmission networks, although also with lower demand from China.

Copper prices have once again pierced the psychological barrier of US$10,000 this Friday due to market expectations of a shortage in supply, which would coincide with a rebound in consumption on the automotive and transmission networks side, although also with lower demand from China.

Mineral futures in London were trading at mid-session at around US$10,035 per ton, 1.32% higher than at the opening, and were close to the figures of US$10,200 at the end of last month.

So far this year, copper has appreciated 17% due to the possibility that production cannot maintain the rate due to the obsolescence of some mining sites.

As a result, China is cutting purchases of refined metal in response to the recent rebound, with Chinese copper wire factories operating at 73% of capacity last month, down 14 percentage points from a year ago, according to a study. picked up by Bloomberg .

In any case, this report has also indicated that the production of copper derivatives increased in April by 1.6% compared to the previous year and 2% above what was expected.