An increase of 0.3% exposed the price of copper this Friday on the London Metal Exchange (BML) when it closed at US$ 3,801 a pound.
Sebastián Castellanos, market analyst at XTB Latam, commented this morning that “China is launching new measures in order to stimulate its real estate market, among which a ‘Mortgage Flexibilization’ stands out. With this, the Asian giant hopes to be able to reactivate its economy, which will favor the growth of essential raw materials such as copper and thus be able to move away from the deflationary scenario in which it currently finds itself after the series of bad results it has presented.”
The raw material averages US$ 3.913 a pound so far this year with a fall of 6.9%.
2023-08-25 19:18:03
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