A mixture of key elements is operating in major economies around the world with the potential to drive results either way. Though demand for copper has started increasing owing to better economic conditions, supply is surging as well.
Copper is expected to continue growing in the near future as positive economic data from China and the United States is pulling demands up. However, copper mining companies are also expecting to scale up their production in the coming months because of strong fourth quarter performance. Future prospects depend on fiscal and monetary policies of the U.S. government.
At this moment in time, there is a need for well planned economic policies which can strike a balance between demand and supply forces. Long-term growth for copper will mainly depend on how willing the governments are to achieve this.
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