The Magazine for Asian Investors
Experts expect a recovery in copper and iron ore due to the positive news from China.
Both metals have lost ground since last month.
COMEX Copper delivery for September fell 3.8% from last month to $4.223 per pound.
Iron ore 62% FE delivery fell even more sharply by a full 25.9% to $159.92 per ton.
However, positive news from China gives investors hope for recovery. China reported no new COVID-19 cases this week. Especially since consumers are expected to buy more copper and iron again due to the emptying of stocks.
Already on Wednesday, the two metals showed a small price jump
Meanwhile, China is looking at new stimulus for infrastructure projects. That would lift iron and copper even further.