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    Home > Chemicals Industry > Chemical Technology > London copper prices extend decline, China's demand slows down, and the market is sad

    London copper prices extend decline, China's demand slows down, and the market is sad

    • Last Update: 2022-11-20
    • Source: Internet
    • Author: User
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    In early European trading on November 19, London copper prices continued to decline, mainly due to the slowdown in Chinese demand, which exceeded the impact of a slight weakening of
    the US dollar.

    Federal Reserve officials on Wednesday continued to hint at a possible rate hike in December, raising rates from near zero for the first time in seven years
    .
    Judging from the minutes of the Fed's FOMC meeting released last night, the vast majority of members believe that a rate hike in December may be appropriate
    .

    "We are already seeing the start of the next commodity bull market," said
    Jonathan Barratt, chief investment officer at Ayers Alliance.

    At the same time, he pointed out that "hot money is currently pouring into mining and areas with good value
    .
    " M&A activity in mining shows that smart investors are already smelling value
    here.

    If the Fed raises interest rates in December and the dollar strengthens further, as widely expected, commodity markets such as London copper will be hit
    hard.
    But some analysts believe a spate of M&A deals will help support commodity prices
    .


    In early European trading on November 19, London copper prices continued to decline, mainly due to the slowdown in Chinese demand, which exceeded the impact of a slight weakening of
    the US dollar.

    London copper

    Federal Reserve officials on Wednesday continued to hint at a possible rate hike in December, raising rates from near zero for the first time in seven years
    .
    Judging from the minutes of the Fed's FOMC meeting released last night, the vast majority of members believe that a rate hike in December may be appropriate
    .

    "We are already seeing the start of the next commodity bull market," said
    Jonathan Barratt, chief investment officer at Ayers Alliance.

    At the same time, he pointed out that "hot money is currently pouring into mining and areas with good value
    .
    " M&A activity in mining shows that smart investors are already smelling value
    here.

    If the Fed raises interest rates in December and the dollar strengthens further, as widely expected, commodity markets such as London copper will be hit
    hard.
    But some analysts believe a spate of M&A deals will help support commodity prices
    .

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