Dr. Copper: China’s Outlook Improving

Business Insider reported that despite weak copper demand, China’s economy looks to be on the mend.

As quoted in the market news:

The vast majority of the copper used in China goes to power infrastructure – it makes up 47% of the nation’s copper demand…YTD, power cable production has shown 36% growth YoY, and high voltage switch production is up 25% YoY.
…
The auto industry accounts for 10% of Chinese copper demand. Passenger vehicles sales YTD have totaled 8.51mn units, up 9.0% YoY.

Click here to read the full report.