Copper is rising due to the impact of inflation on commodity prices it isn’t being driven by demand.
This statement: “In addition, China’s economy is improving...” is incorrect. Their stock market has improved in price (also mainly due to inflation of asset prices) but their employment rate, real estate, and overall business activity is still in the crapper.
LP - get a load of this...smh
Copper is up 42% over the past 12 months.
Soybeans are down 11%, lumber is down 5%, coal is down 12%, and gasoline is flat.
It’s fatuous to ascribe copper’s levitating act simply to “inflation.”