Copper and iron ore recovery expected

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.

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