SHANGHAI, Dec 29 (SMM) - Industrial metal commodities including copper, aluminium and iron ore have rebounded since November. Analysts believe that the improvement of expectations over macroeconomy, low inventory and other positive factors have accounted for the rebound of industrial metals prices.
The degree of stock accumulation of industrial metals will be a focus of markets in the near term. Under the expectation of domestic economic improvement and the expectation of overseas economic recession, China’s domestic metal prices are expected to outperform overseas markets in 2023.
