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Director of Procurement Non-Ferrous Metals | I Post about Copper, Commodities and Global Supply Chains
Copper the most bullish base metal for H2, market players say Featured in ZAWYA originally by Reuters News Agency by Siyi Liu and Mai Nguyen "Copper is the base metal with the most bullish potential in the second half of the year, due to continued tight raw material supply, improving Chinese demand and funds interest, industry participants and analysts said this week". "At a seminar hosted by the LME on Thursday, 51% of the audience picked copper as the metal with the most upside potential for the second half, followed by aluminium and nickel at 16% each". "Supporting the bullish copper story is continued tightness in the raw materials market and expectations that copper smelters will cut output". "Wang Yanchen, an analyst at SMM, said the copper concentrate and ore market could run a deficit of about half a million tons in 2025, widening from an expected 200,000 ton-deficit this year". https://lnkd.in/dXwnQev3
