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How copper prices are getting affected by complex interplay of supply and demand

From economictimes.indiatimes.com

Weaker-than-expected demand for copper from China dampened the sentiment for the base metals. Copper, the widely used industrial metal is trading down by more than 8% so far this month in key London Metal Exchange and domestic futures platforms. A similar trend was witnessed in the China Shanghai futures as well. Copper prices were on a bullish trajectory in the first quarter of the year on hopes that China's property market would recover following the pandemic-induced slowdowns. However, a string of recent disappointing economic releases from the country pointed to a weak demand outlook that has battered the metal ... (full story)

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  • Category: Fundamental Analysis