The copper market is caught between a stimulus-fueled surge and the looming specter of Trump 2.0 tariffs.
According to JPMorgan's Bill Peterson, investors are riding high on China's stimulus optimism, but the road ahead may be rockier than expected.
China Stimulus: A Boost Or Bubble?
China's recent stimulus announcements have sent copper stocks, includingTeck Resources Ltd(NYSE:TECK) andFreeport-McMoRan Inc(NYSE:FCX), climbing — TECK up 6% and FCX up 8% since late September.
But Peterson warns that expectations might have jumped the gun. While the initial stimulus gave equities a short-term boost, the hope for...
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