Copper futures eased to around $4.20 per pound on Tuesday but remained near a one-month high reached in the previous session, following the announcement of additional economic stimulus measures by Chinese policymakers.
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The Politburo revealed plans for a “moderately loose” monetary policy and a “more proactive” fiscal stimulus stance next year, signaling a shift from the more cautious and prudent approach seen in the previous decade.
This move is expected to boost demand in China, the world’s top copper consumer, and comes amid growing pressure on the country to mitigate the potential impact of punitive tariffs under incoming US President Donald Trump.
However, investors remained cautious, with lingering concerns over China’s long-term growth prospects, particularly in the construction sector.
