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China’s economic stimulus to spark robust copper consumption in 2024 – ET Auto

Baua Electric

New Delhi: China is expected to amplify its stimulus efforts next year, potentially boosting demand for metals, with copper consumption forecasted to rise, the Commodity Outlook Report 2024 by ICICIDirect said in a report.

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Industrial material prices fall sharply on concerns about Chinese slowdown – ET Auto

Baua Electric

Compounding this are worries that Chinese producers with excess supply will ramp up exports, depressing prices globally. Expectations for increased demand for industrial materials were further dampened by the failure of the National People’s Congress in March to come up with a major real estate stimulus package.

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