China's demand for copper recovers, boosting prices as investors return to commodities buying.
Copper prices rebound as China's demand slump appears to bottom out, with orders to withdraw units from the London Metal Exchange rising. Global investors are returning to buying equities, bonds, and commodities. Copper inventories in LME warehouses have increased since mid-May, but the long-term outlook remains robust due to limited new projects and the global shift towards renewable energy and electric vehicles.
August 12, 2024
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