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World Bank: Copper Prices Will Fall Further In 2024 Before Rebounding In 2025
According to foreign news on October 30, the World Bank pointed out in its latest "Commodity Market Outlook" report that copper prices fell by 1% in the third quarter of 2023 due to sufficient supply, increasing inventories and weak demand. Weaker-than-expected demand from the real estate sector and deterioration in demand in other major economies were partially offset by demand for copper from clean technologies, including electric vehicles, wind and solar power equipment, and infrastructure (including the construction of electric vehicle charging capacity). On the supply side, production disruptions in Chile, ... (full story)