China’s Copper Industry Is Struggling When It Should Be Booming

The copper market, traditionally a bellwether of economic health, is finding some support from the energy transition and Beijing’s efforts to revitalize growth. But buyers lack conviction and the view from the factory floor remains cautious as margins are suppressed and profits wither.

Copper’s widespread applications offer a comprehensive view on the landscape faced by policymakers as they bid to restore China’s economic fortunes, while at the same time pivoting the economy from investment to consumption-led growth and hastening the transition away from fossil fuels. But the outlook for the second half is less promising. Demand growth could fade to 3.9% as China’s solar expansion slows and households scale back on purchases, said Ji Xianfei, an analyst with Guotai Junan Futures Co.

There aren’t any engines to replace the property sector and renewable energy still isn’t big enough to make a dramatic difference, he said.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

China’s Copper Industry Is Struggling When It Should Be BoomingCopper demand in the world’s biggest user of the metal is slowing down at a time of the year when it usually picks up.
출처: BNNBloomberg - 🏆 83. / 50 더 많은 것을 읽으십시오 »

37 Of The Biggest Screwups In The Celebrity Industry, As Pointed Out By Folks OnlineFolks list famous people who, despite having all the opportunities, managed to mess up badly.
출처: boredpanda - 🏆 18. / 72 더 많은 것을 읽으십시오 »