Record Copper shipments to China

The price of copper is down for the quarter, roughly 7% but rising imports have coincided with a build-up of inventories with stockpiles on the Shanghai exchange nearly doubling in 2018. As predicted and expected China needs an enormous amount of copper and iron for its new silk road project: One Belt One Road Initiative.
February customs data from China showed import volumes of unwrought copper totalled 436,000 tonnes in March. First quarter shipments came to 1.23m tonnes, up 7.3% compared to Q1 2017.

​http://www.mining.com/copper-iron-ore-prices-gain-robust-chinese-imports/