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China's Copper Market Needs More Stimulus, Says Top Importer.

Source :
Bloomberg.com; 11/13/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

China's copper market is in need of more economic stimulus to boost demand, as the government's recent measures have not been sufficient to revive growth. Despite offering significant financial support, copper prices have dropped due to concerns over the lack of direct fiscal support from Beijing. The market is facing challenges such as domestic oversupply, potential tariffs on Chinese goods, and a slowdown in demand growth, which could peak by the end of the decade. Eagle Metal International Pte, a major importer of copper in China, is exploring opportunities in other countries like Vietnam and South Korea to meet rising demand from electric vehicles. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
180847430