Chinese economic data shows slower growth in industrial output, fixed-asset investment, and worsening housing market, causing copper prices to drop to an 8-week low.
Chinese economic data revealed slower growth in industrial output and fixed-asset investment, and a worsening housing market, causing copper prices to drop to an 8-week low. Copper prices have been declining for four weeks in a row, with China being the world's largest market for the metal. Investors are now awaiting China's leadership meeting next month for potential policy adjustments to boost growth.
June 17, 2024
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