Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Copper’s Big Leap: Surges Past $10,000 as Investors Eye China’s Policy Support

theguru Views  

Copper prices have surpassed $10,000. Amid expectations of increased demand in China, there’s also speculation of further price increases.

Industry reports indicate copper prices exceeded $10,000 per ton on the 5th. Citigroup analysts attribute this rise to investor optimism about China’s policy support. They anticipate that the Third National People’s Congress (NPC) will unveil additional stimulus measures in July, particularly for upgrading renewable energy infrastructure.

In particular, Citigroup predicted that additional measures targeting Chinese real estate and grid investments would support copper prices in the short term; the recent drop in copper prices would be mainly due to a slowdown in global manufacturing indicators, a temporary phenomenon.

Although June saw weakened cyclical demand, the industry expects overall copper consumption in the first half of this year to maintain a solid level and grow by about 4% compared to the previous year.

Some experts speculate that if major countries begin cutting interest rates in the long term, copper prices could rise further, potentially reaching $12,000 per ton. Jerome Powell, Chairman of the Federal Reserve, noted last week that market confidence in monetary easing is growing as inflation declines.

In Chicago afternoon trading, copper for September delivery rose more than 3% to $4.67 per pound, or $10,300 per ton, marking the highest level in over a month. It surpassed $11,000 per ton in May, setting a record high.

As expectations for a rise in copper prices continue, interest also focuses on related beneficiaries. Notable ones include KBI Metal, Daewon Cable, Semung Electric, LS, and Poongsan. Related exchange-traded funds (ETFs) include KODEX Copper Futures (H) and TIGER Copper Physical. Among Exchange Traded Notes (ETNs) are KB Leverage Copper Futures (H), QV Leverage Copper Futures (H), Meritz Leverage Copper Futures (H), and Samsung Leverage Copper Futures (H).

theguru
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Honda's NSX Returns: A 1,000-Horsepower Electric Rival to Lexus LFR
  • Honda’s S7 Electric SUV: A Major Player in the Race for EV Dominance
  • Lamborghini's First EV: A 2,000-Horsepower Beast Built for Speed and Emotion
  • Ford Revives Classic Design with the 2025 Bronco Heritage Edition
  • ID.EVERY1: Volkswagen's $21K Electric Vehicle Aims to Make Green Driving Accessible
  • Toyota’s bZ3X SUV Surges with 10,000 Pre-Orders: A New Era in EVs

You May Also Like

  • 1
    Blackberries vs. Raspberries: Which Berry Is the Low-Calorie King?

    LIFESTYLE 

  • 2
    Why Some People Gain Weight on Salads—and Others Don’t

    LIFESTYLE 

  • 3
    This Vitamin Could Help You Fight Fatigue, Infections, and More

    LIFESTYLE 

  • 4
    Olive Oil on an Empty Stomach – Hype or Health Miracle?

    LIFESTYLE 

  • 5
    Why Guava Is a Must-Have for Anyone Watching Their Blood Sugar

    LIFESTYLE 

Popular Now

  • 1
    Parkinson's Puzzle: Study Explains How PINK1 Gene Fights Cell Damage

    LIFESTYLE 

  • 2
    Feeling Drained No Matter How Much You Sleep? Here’s Why

    LIFESTYLE 

  • 3
    Hope for Alzheimer’s? Anti-Amyloid Treatments Linked to 50% Lower Risk

    LIFESTYLE 

  • 4
    Can Eating Only Boiled Eggs Really Help You Lose Weight?

    LIFESTYLE 

  • 5
    New Study: Daytime Drowsiness Could Raise Dementia Risk by 100%

    LIFESTYLE 

Must-Reads

  • 1
    Blackberries vs. Raspberries: Which Berry Is the Low-Calorie King?

    LIFESTYLE 

  • 2
    Why Some People Gain Weight on Salads—and Others Don’t

    LIFESTYLE 

  • 3
    This Vitamin Could Help You Fight Fatigue, Infections, and More

    LIFESTYLE 

  • 4
    Olive Oil on an Empty Stomach – Hype or Health Miracle?

    LIFESTYLE 

  • 5
    Why Guava Is a Must-Have for Anyone Watching Their Blood Sugar

    LIFESTYLE 

Popular Now

  • 1
    Parkinson's Puzzle: Study Explains How PINK1 Gene Fights Cell Damage

    LIFESTYLE 

  • 2
    Feeling Drained No Matter How Much You Sleep? Here’s Why

    LIFESTYLE 

  • 3
    Hope for Alzheimer’s? Anti-Amyloid Treatments Linked to 50% Lower Risk

    LIFESTYLE 

  • 4
    Can Eating Only Boiled Eggs Really Help You Lose Weight?

    LIFESTYLE 

  • 5
    New Study: Daytime Drowsiness Could Raise Dementia Risk by 100%

    LIFESTYLE 

Share it on...