Copper 02 (Nov 12 - Sep 22)

Re: Copper 02 (Nov 12 - Dec 22)

Postby winston » Sun Sep 25, 2022 6:53 am

Copper slumps as rising interest rates heighten demand fears

by Eric Onstad

"The macro outlook is hitting industrial metals quite hard. The main worry is that central banks will allow the economy to slip into recession in an attempt to bring inflation under control".

Tight supply and rising demand in China, however, has supported metals prices recently.

"Power grid and new energy sectors have raised their orders for copper products".


Source: Reuters

https://www.theedgemarkets.com/article/ ... mand-fears
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