For the first 12 months of the year, the market was in a 559,000 tonnes deficit compared with a 383,000 tonnes deficit in the same period a year earlier.

Short-term optics, particularly on the London market, look less bullish than a few weeks ago.

China’s imports of copper metal and tin ore from Myanmar both fell more than 25% year-on-year in the first two months of 2021.

The bank reduced expectations for growth in the key mining sector to 11% in 2021, down from an earlier prediction for a 14.4% expansion.

Miner started drilling at the Murdie project in South Australia, despite opposition from an Aboriginal group that says the project will damage a sacred area.

The bull and bear case for copper price.