Copper Prices Bounce On China Stimulus

Copper prices hit a three-week high this morning as China, the world’s largest copper consumer, lowered a key interest rate to cushion the impact from the coronavirus outbreak. China’s central bank lowered the rate on a one-year medium-term lending facility (MLF) loans.  Policymakers said on Saturday Chinese lenders will tolerate a higher level of bad … More Copper Prices Bounce On China Stimulus

Copper Prices Set To Move Higher In 2020

  The price of copper, a key barometer for the global economy, is set to move higher in 2020 with capital spending for new production depressed and inventories tapped out as U.S.-China trade tensions ease. The U.S-China trade war limited mining activity and kept manufacturer inventories lean. Warehouses tracked by the three international exchanges, the … More Copper Prices Set To Move Higher In 2020