Copper price rebounds on Chinese demand revival hopes. mining copper
“There’s high-level data showing that things are beginning to stir in China, but when it comes to infrastructure and construction, it will take a bit more time,” said independent consultant Robin Bhar.
“There’s good dip buying around to support the underside. People are taking the opportunity to build longs, whether tactically as we go into Q2 or strategically because of the green energy transition.”“The demand is bad but the outlook is good. People are just hoping for a recovery in March,” said a metals trader, expecting prices to continue to trade sideways until March.
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