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Local Analysts Believe Copper Demand To Remain Unchanged Over 2024

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  • China’s copper demand will remain roughly unchanged over 2024 at single digit percentage growth over 2023 levels despite recent property-sector support and a historic global price rally, while reports of official domestic smelter output cuts are yet to materialise, local analysts have told MNI.
  • US Treasury secretary Janet Yellen has said “substantial increases” in living costs are a “problem to a lot of people” as persistent inflation dents President Joe Biden’s standing with voters ahead of November’s election.
  • The Bank of Japan will decide to start tapering the size of its bond-buying by end-July, according to nearly two-thirds of economists polled by Reuters, while close to 90% forecast an interest rate hike to at least 0.20% by the end of the year.
  • China's military carried out a second day of war games around Taiwan on Friday, with drills to test its ability to "seize power" and control key areas in exercises Beijing has said were launched to punish Taiwan's new president, Lai Ching-te.
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  • China’s copper demand will remain roughly unchanged over 2024 at single digit percentage growth over 2023 levels despite recent property-sector support and a historic global price rally, while reports of official domestic smelter output cuts are yet to materialise, local analysts have told MNI.
  • US Treasury secretary Janet Yellen has said “substantial increases” in living costs are a “problem to a lot of people” as persistent inflation dents President Joe Biden’s standing with voters ahead of November’s election.
  • The Bank of Japan will decide to start tapering the size of its bond-buying by end-July, according to nearly two-thirds of economists polled by Reuters, while close to 90% forecast an interest rate hike to at least 0.20% by the end of the year.
  • China's military carried out a second day of war games around Taiwan on Friday, with drills to test its ability to "seize power" and control key areas in exercises Beijing has said were launched to punish Taiwan's new president, Lai Ching-te.