Reported 14 days ago
China's recent economic rescue plan, which involves a $1.4 trillion bailout primarily for local government debt, has left global commodities markets in a state of uncertainty. While there was hope for stimulus measures to enhance domestic demand, the lack of such initiatives has led to a decline in prices for key raw materials like copper, iron ore, and crude oil. Analysts suggest that the current economic conditions may lead to a temporary boost in demand for certain metals, but structural challenges in the economy, including slower urbanization and demographic shifts, will likely hinder long-term recovery.
Source: YAHOO