Copper has surged higher at the start of 2023 and it now looks on track for a test 10-20% higher as China looks to reinvigorate its economy as it reopens following the failed attempts of its Covid zero policy.
- The current strength of copper reflects China’s reopening trumping concerns around a global recession, a market state of mind that could easily change.
MM is technically bullish copper while it holds above $US395
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