Copper remains supported for now even as China optimism fades

From invezz.com

Since the start of the year, copper prices have been volatile, primarily due to tariff risks and China’s uncertain economic recovery. According to the ING Group, the optimism over copper demand in China has been fading. Copper prices have risen by approximately 10% this year, despite trade challenges. While tightening supply continues to support LME (London Metal Exchange) prices, weakening Chinese economic indicators suggest a growing discrepancy between domestic and international market trends. Meanwhile, SHFE copper stocks are trending higher again. SHFE copper stocks have rebounded, reaching a one-month high of ... (full story)