Copper price up on hopes of further monetary easing in China

  • 07/15/2021
  • Source:
  • by: MINING.COM Staff Writer
Copper price up on hopes of further monetary easing in China
The copper price regained some strength on Thursday after consecutive losses, as weaker-than-expected economic data from top consumer China raised hopes the country would implement further monetary easing to prop up growth.

China’s gross domestic product expanded 7.9% year-on-year in the second quarter, missing expectations of an 8.1% rise in a Reuters poll, due to slowing manufacturing activity, higher raw material costs and new covid-19 outbreaks.

The bleak data came amid market speculation of further monetary easing after China’s surprising cut of banks’ reserve requirements last week. Some market watchers say a cut in the country’s benchmark prime loan rate may be next.

Analysis and insights into the newest trends and industries shaping the world and your wealth.

The world is more dynamic than at any time in History.
New Markets are opening up. Technology is accelerating. It’s changing everything.

And creating fortunes in the process.

Dynamic Wealth Research exposes the biggest and most profitable changes for our readers.
© 2016 - 2021 DYNAMIC WEALTH RESEARCH, Privacy Policy, Disclaimer