China needs to deploy more economic stimulus if copper demand is to revive, according to a major importer of the metal.
The finance ministry’s most recent pledges included $1.4 trillion to bail out heavily indebted local governments, but stopped short of the direct steps to unlock consumer spending that the market craves. The copper market in China is at a critical juncture. Enthusiasm for the metal deemed crucial to the world’s energy transition is being undercut by domestic oversupply, as well as concerns that Donald Trump’s election victory in the US will bring more tariffs on Chinese goods.
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