Morgan Stanley said that while copper prices have fallen 11% in the past four weeks and are down 15% from their highs since the beginning of the year, a rebound in copper prices may be on the horizon. So far this year, China's real estate completions rose 18% year-on-year and 5% above 2019. Grid spending rose 10% year-on-year, and electric vehicle sales jumped 44% year-on-year.
On top of that, while year-to-date copper imports fell 11%, imports of unwrought copper and copper semis products increased 6%. Copper production increased 14% and semi-finished copper production grew 12%. Adding output to net imports, this means a 9% increase in China's "apparent consumption" of copper excluding inventories.
More popular news:
BHP Says China's Real Estate Recovery Will Boost Metals Demand
Trafigura Sees Copper Prices Rising to All-Time High on China Economic Rebound and Supply Shortages
G7 to Expand Sanctions Covering Metals on Russia, Promises Further Support for Ukraine
A Bull Gold Market Has Just Begun
BofA Sharply Lowers Forecast for Oil Price, Global Oil Consumption in 2023
Copper Shortage Is Irreparable Even after Biggest Mergers and Acquisitions, Here’s Why
Testing Agency Responds to Great Wall Motor Report on BYD to Chinese Authorities
Goldman Sachs Lowers Price Forecast for Aluminium, Copper in 2023, Sees Nickel Price Plunging
'Bond King' Jeffrey Gundlach Says Sharp Fed Rate Cuts By Year-End Will Push Up Gold Prices
Zinc Prices to Plunge by 2025, Here's Why
US Treasury Bill Rates Soar to Record High on Debt Ceiling Jitters
![Preços elevados do cobre suprimem as compras a jusante; taxa de operação e novos pedidos continuam em declínio [Análise Semanal do Mercado de Fios Esmaltados SMM]](https://imgqn.smm.cn/usercenter/mPNrH20251217171709.jpg)
