Metals

Industrial Metals Update

29 June, 2016

A more subdued outlook for China’s copper demand

Following downward revisions to our projections for China’s growth, we are also nudging down our forecast for the price of copper. Despite sizeable policy stimulus in China, it has become apparent that credit allocation has been relatively inefficient and, as such, demand for copper is unlikely to receive a boost on the scale that had seemed likely.

 

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