Copper at a Crossroads as Weak Chinese Demand Meets Bullish Investor Sentiment
Copper finds itself at a fork in the road as weak demand in China, the largest consumer of this industrial metal, contrasts with the bullish expectations of investors who see the supply disruptions fueled by adverse weather in Peru and Chile, as well as the expanding AI and electrification as tailwinds that are bound to push prices much higher than they already are. In China, demand for copper imports has slowed down amid a slump in the country’s real estate sector. Given that China consumes a huge chunk of the global copper supply, a drop in its demand could exert…
