Copper Price May Rise Further on Stimulus-Driven Chinese Growth 2020-12-03 04:30:00 Copper, Covid, China – Talking Points Copper prices continue to push further into multi-year highs China seen as a prime driver for future copper price growth Green energy push to be long-term boon for the red metal Advertisement Copper futures are trading at levels not seen since early 2013 as the industrial metal continues to rip higher. Since the Covid-induced selloff to the March low, LME Copper prices have gone on to rally nearly 40%. […] Indeed, Covid initially sank copper prices, however, enormous and ongoing stimulus measures around the globe continue to bolster the industrial metal. […] With that in mind, analyzing China’s copper consumption, economic growth and current stimulus measures are key to forecasting the red metal’s path forward. […] The implications for copper are enormous and copper may provide investors with a long-term proxy play on stimulus-driven economic growth, particularly in China.
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