BASE METALS

Copper facing short-term challenges, LME Week hears

A slowdown in China’s economic growth will weigh on copper prices in 2022 before increased demand for the red metal courtesy of the energy transition provides bullish impetus in the medium-term, Capital Economics chief economist Neil Shearing told the audience on the first day of LME Week on Monday.

Tom Hoskyns in London

Copper facing short-term challenges, LME Week hears

"In the short-term we're facing demand weakening and prices falling in the copper sector," Shearing said during his economic keynote speech. "Then we go on this wave; we have this combination of China's...

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