China has taken measures to support its real estate sector and currency, leading to a positive response in the industrial goods market, including metals. Beijing allowed cities to reduce down payments for home buyers, called on creditors to lower mortgage rates, and announced currency support measures.
These steps were taken to stimulate the country’s fragile economy and halt the economic downturn. As a result, copper, aluminum, and zinc prices increased, despite a slight decrease in iron ore prices. Against these measures, investors expect demand in China to grow, especially for copper, ahead of the peak season, despite the risks associated with low copper reserves.
