https://www.mining.com/copper-price-to-extend-rally-on-signs-of-chinese-panic-buying/

Excerpts-

China is responsible for more than half the world’s copper consumption and the country is sucking up copper at record-setting rates. 

“China is importing more refined metal from nearly every country suggesting a structural shift not a temporary change,” says Barnes. 

Barnes says the copper price will likely rise further towards the end of 2020, and that the current environment has strong parallels to the rebound in the copper price after the global financial crisis. 

Copper hit a low of $1.32 a pound in January 2009, then surged to $3.55 by April the next year on its way to an all-time peak of $4.58 (more than $10,000 per tonne) in February 2011.