European Central Bank President Lagarde said that we are winning the war on inflation; I think we have passed the toughest and worst stage in terms of inflation; the Eurozone inflation rate is expected to be 1.9% in 2025; wage growth currently exceeds inflation; The Eurozone has not fallen into a severe recession.
![Easing Geopolitical Risks Boosted Copper Prices, Contango Structure Continued as the Price Spread Narrowed [SMM BC Copper Commentary]](https://imgqn.smm.cn/usercenter/jlrsy20251217171711.jpg)


