SHANGHAI/TOKYO — Copper’s rise to a 15-month high Tuesday points to growing investor hopes that the Chinese economy is bottoming out, with the “world’s factory” seen benefiting from a manufacturing rebound fueled by U.S. demand.
Copper — a heavily traded commodity used in a wide range of manufacturing industries — is closely watched as an economic indicator. Its rally suggests that investors see brighter economic prospects in China, the world’s largest consumer of the metal, a view further underpinned by major stock indexes recently reaching year-to-date highs.
Source link : https://asia.nikkei.com/Business/Markets/Commodities/Copper-hits-1-year-high-amid-economic-green-shoots-in-China
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Publish date : 2024-04-11 03:00:00
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