Due to the potential Donald Trump charges and China’s stimulating activities, the cost of copper has reached the maximum. The weakness of the US dollar may also contribute to its regeneration.
He Copper market This is one of the best behavior this year, with Donald Trump’s fare concerns and 27% of last week’s new stimulating operations. Copper’s prices in comex rose to US $ 5.15 last Thursday.
Industrial metal is increasingly important.
On the other hand, copper has met distribution controls Due to the lack of investments in minerals and reducing metal cleansing capabilities. In the context of the supply deficit, the Threats of Trump PaymentThe renewed measures of China and the weakness of the US dollar this year contributed to the increase in prices.
“A part of the history of copper is China’s stimulation and recovery. Other partial fees. We can attend a request stimulation In an increase in prices, at the time of controlling offer. Naturally, the US dollar is weak, ”said Kyle Roda, a senior researcher of the Capital.com market.
Trump’s research on copper imports is shipping shipping to the United States
Last month, US President Donald Trump signed an administrative order to investigate copper imports in the country to deal with the threat of national security and economic stability. “America Faces significant impacts on the copper supply chainThe US government said it was relied on foreign resources for copper, melted and refined copper. This order is considered the pioneer of import fees, which, which is, They compete with the field of China in the metal distribution chainThis has progressed again in copper prices.
Because of the speculation that the US government will impose fees for basic metal imports, the prices of copper’s future have increased by 12% because the operators have paid a high premium. Suppliers also rushed Shipment to the United States Reduce volumes elsewhere before possible import fees. Trump’s ambition Turning to the US region will increase the cost of production Also, raise inflation.
China plans to increase internal consumption
At the annual government meeting, China’s GDP is 5% of its growth purpose in GDP Raised the extent of its deficit to a maximum of three decadesThey followed New trigger activities To accelerate your economy.
At the beginning of the month, Chinese news agency Sinhua announced that the government “increased consumption” and “expands domestic demand in all directions.” The program includes internal spending support activities, increased family income and children’s care subsidies.
On the other hand, retail sales in the country in the first two months have increased by 4%, which from October last year. Besides, Investment in industrial production and stable assets grew in February Above the estimates.
The world’s largest supplier and consumer ChinaAs well as an important actor in the trigger of world changes Green energy. These ads, along with the positive economic data of the last week, contributed to the upward stimulation of the cost of copper, which rose 4.4% last week, which lasted a three -week positive streak.
The weakness of the US dollar raises the metal price
US dollar He weakened in front of the other major coins of the G -10 group from the middle of JanuaryAnd Dollar table This has declined by 4% this year. The risk of the re -emergence of the World Trade War has unleashed a sense of disgust, which caused mass sales on the US stock markets and the decline of ‘green ticket’.
At the meeting of the Federal Open Market Group last week, FOMC, Federal Reserve System Bank expects slow economic growth and high inflation. The weakening of the United States currency will increase the price of raw materials because most are cited in US dollars, although this is the main reason for the re -raising the copper.
