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JJCTF - Global Copper Users Output Strengthens But Demand Pressures Remain Weak
iPath Bloomberg Copper Subindex Total Return Sub-Index ETN
While the global manufacturing sector has stalled in 2019 so far, a revival of optimism in the copper-using industry could fuel a wider improvement during the final quarter. Countermeasures to US tariffs have contributed to a rebound at Asian manufacturers using the metal meaning that, although demand pressures remain weak and still point to falling copper prices, there is a chance of some relief to the current slowdown.
The IHS Markit Global Copper Users PMI is a composite indicator giving an overview of operating conditions at specific manufacturers identified as heavy users of copper. It