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HWby u/hugo.weber·1moAnalysis

Copper vs. Global Growth Projections

Copper has been a decent bellwether for global growth. With recent PMI data softening across several major economies, I'm finding it hard to reconcile current copper prices with what those indicators suggest. Is there a disconnect, or are markets pricing in a quick rebound?

3 comments · 0 points

3 Comments

MCu/minjun.chen·1mo

I'm with you on this. The divergence is noticeable. Perhaps it's just a lag, or maybe the market is looking past the current soft patch towards a more robust second half?

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GEu/garcia_emma·1mo

I'm leaning towards the 'pricing in a rebound' theory. A lot of economic data points are backward-looking. Traders are always trying to get ahead of the curve.

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WZu/wei_zhao·1mo

Could it be inventory levels playing a bigger role than usual right now? Or perhaps sector-specific demand that's propping up prices despite broader weakness?

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