Bit more media on China and copper (Friedland)..In fact, the...

Bit more media on China and copper (Friedland)
..In fact, the country set a record in 2023, importing 27.54 million tons.

“Everybody knows about the weak real estate market in China… but military demand, national security demand, [and] demand for militarization is very high,” the mining tycoon said.

Reuters reported recently that the country’s property sector is showing signs of recovery, including new home prices rising and government land sales turning positive after nearly two years.

Nikkei Asia said China’s move to pump about a trillion yuan ($140 billion) will act as a further catalyst, boosting copper demand.

“So, really, this is like a power keg ready to explode as soon as the Fed cuts in the second half,” .

Friedland said separately