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Copper near five-month high after China vows to boost demand
Copper traded near a five-month high after China vowed to revive consumption in the world’s largest consumer of the metal. The government unveiled a special action plan over the weekend aimed at spurring demand. Consumption in the country grew faster at the start the year, helping offset the impact of US President Donald Trump’s tariffs that are putting pressure on Chinese exporters. Retail sales increased 4% in the first two months, exceeding forecasts.
Copper traded near a five-month high after China vowed to revive consumption in the world’s largest consumer of the metal.
The government unveiled a special action plan over the weekend aimed at spurring demand. Consumption in the country grew faster at the start the year, helping offset the impact of US President Donald Trump’s tariffs that are putting pressure on Chinese exporters. Retail sales increased 4% in the first two months, exceeding forecasts.
