The epicenter of this situation lies in the recently published figures from China. Recent data point to a slowdown in the growth of its industrial production and a marked decline in investment in its real estate sector.
These metals are very important for the construction of housing, shopping malls, office buildings or apartments, which could come under persistent pressure due to these circumstances. However, there is hope that favorable policies can prevent excessive declines.
Despite Beijing's efforts to cut interest rates and revitalize economic activity, analysts suggest that more support is needed.
Meanwhile, other metals have also mirrored copper's trend. Aluminum fell 0.1%, as did nickel, which hit its lowest level since july 2022.
Zinc and tin also experienced declines, reaffirming concerns about demand and the future of mining globally.
In conclusion, mining, a pillar in the global economy, is being affected by the decisions and circumstances of the Asian giant. The international community must be attentive and prepared to adapt to these changes.
Translated by: A.M