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Reviving Copper: How PBOC Rate Cuts Could Turn the Tide in Recent Downturn – A Technical Analysis
Copper Market Update Understanding the Recent Developments Last week, copper experienced a significant drop in prices due to soft Chinese economic data and an increase in inventories in global warehouses. This raised concerns about weak demand in the market. However, the People’s Bank of China (PBoC) surprised everyone by announcing rate cuts across key benchmarks….