China Copper Outlook Brightens With Miners Likely to Shine Most
- Smelters face headwinds from overcapacity and weak margins
- Recent advances in shares could still deter some investors
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Chinese copper stocks are returning to favor as the outlook for demand brightens, with a late spurt delivering the best annual gain in half a decade for the largest, Jiangxi Copper Co.
What has ailed copper for most of the year largely dissipated last month as the U.S. and China closed in on an interim trade deal that will steady the global economy, and as Chinese data demonstrated that growth in the top producer and consumer of the metal is stabilizing.