China’s Copper Market Needs More Stimulus, Says Top Importer
- Fiscal measures have been lacking in recent announcements
- Eagle Metal looks to other markets for clients as China slows
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China needs to deploy more economic stimulus if copper demand is to revive, according to a major importer of the metal.
The government has issued a slew of measures since late September to shore up confidence in the world’s biggest buyer of metals, where a prolonged slowdown in the property market is dragging on growth. Despite the huge sums offered, copper prices have dropped in recent days, in part due to concerns over a lack of fiscal support from Beijing.