Goldman Sachs remains bullish on copper and bauxite as China's Infrastructure Construction Activity Begins to Recover, Potentially Boosting Commodity Demand 

According to reports by cls on March 14, Goldman Sachs noted that China's infrastructure construction activity has begun to recover, which could drive demand growth for commodities such as steel, cement, and copper. Analysts including Trina Chen stated in a report that a recent field trip to China "initially confirmed our optimistic outlook for China's construction demand in 2025." Against the backdrop of "significant easing of local government financing pressure," infrastructure demand for commodities is experiencing its first growth in three years. Infrastructure construction accounts for approximately 36% of China's steel consumption. Goldman Sachs remains bullish on cement, copper, and bauxite, and is gradually turning positive on steel and aluminum.

Note: This is a translation version of news from cls.