Copper Price Forecast: China Slowdown Could Drive Pullback Before Next Rally
By:
Key Points:
- Copper may weaken further before the next rally begins.
- Slower growth in China is weighing on near-term demand.
- Tight supply continues to support the long-term bullish outlook.
PREMIUM
Read what the experts are trading this weekExclusive analysis from FXEmpire top analysts — curated insights you won't find on the free site.In-depth analysis
Curated reports
Top analysts
Unlock Premium
Copper (XCU) prices remain under short term pressure as slower growth in China raises concerns about demand. But the stronger industrial production, lower exchange inventories and possible supply disruptions continue to support the market. Copper may test the key support area before the next major rally begins, while the long term outlook remains positive. This article examines the mixed economic data of China, tightening supply, inflation risks and the price levels that can determine the next move in copper prices.