Nonferrous metals: do China’s strong metal imports suggest a rebound in the short term?

China's appetite for base metal imports appears to be growing. In August, refined copper volumes reached a year-to-date monthly high and primary aluminum imports were the highest since November 2021. The increase in imports is due to an open arbitrage window thanks to higher Shanghai Futures Exchange (ShFE) prices than the London Metal Exchange (LME). […]