Copper futures moved lower in sideways trading in the last week. The COMEX Copper futures tested one week low but supportive US equities capped losses and keeping the counter around $4.60 per pound. Overall mood is choppy though trade talks are broadly supportive and inventories are also falling, keeping copper steady. A series of key indicators released by China’s State Information Center has revealed that consumption, investment, and industrial production across various sectors have demonstrated positive upward trends, driven by coordinated macroeconomic policies, according to media reports. Meanwhile, The United Nations has stated in a latest update that global economic growth is now projected to slow to 2.4% in 2025, down from 2.9% in 2024, and 0.4 percentage points below the January forecast. Heightened trade tensions, along with policy uncertainty, have significantly weakened the global economic outlook for 2025.
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