Currently viewing Global edition

China slowdown to weigh on copper prices, LME Week hears

A slowdown in China’s economic growth will weigh on copper prices in 2022 before increased demand for the red metal courtesy of the energy transition provides bullish impetus in the medium term, Neil Shearing, chief economist at Capital Economics, told the audience on the first day of LME Week on Monday.

China slowdown to weigh on copper prices, LME Week hears China slowdown to weigh on copper prices, LME Week hears China slowdown to weigh on copper prices, LME Week hears China slowdown to weigh on copper prices, LME Week hears China slowdown to weigh on copper prices, LME Week hears

"In the short term we're facing demand weakening and prices falling in the copper sector," Shearing said during his economic keynote speech.