The drop in the future price of copper due to China’s economic policies and caution in the market

reported by Mehr reporter Copper futures fell 1.3 percent to around $4.30 per pound on Monday, far from the highest level in two months. The drop came after China’s central bank kept key interest rates unchanged for the third month in a row in its January setting, despite Beijing’s pledges to boost domestic consumption.
Markets are also more cautious ahead of Donald Trump’s inauguration. were accompanied as traders await further clarity on his potential policies, particularly regarding tariffs.
However, there remains hope that China will follow through on its promises of economic stimulus measures. State media reported that China’s central bank may cut banks’ statutory reserve ratio ahead of the Spring Festival later this month.
On the other hand, on the supply side, Chile cut its copper production forecast. . According to the new estimate, the country expects to produce about 5.54 million tons of copper by 2034, which is lower than the previous forecast of 6.34 million tons.