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Sustained improvement in demand supports additional upside for copper.

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Copper prices have fluctuated and trended higher since the start of this year. In terms of price movement rhythm, the market can be split into two major phases. First, from the start of the year to early March, copper prices fluctuated within the range of 67,500–70,000 yuan per metric ton, with two unsuccessful tests of the 70,000 yuan/ton resist

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Market Analysis of Wire and Cable Industry 2024: Growing Demand for Special Cables in Segmented Sectors

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As one of the largest basic supporting industries in the national economy, the wire and cable industry boasts a wide variety of cable products with extensive application coverage, covering numerous downstream sectors including electric power, construction, communications, manufacturing and military industry. Its development is closely linked to the

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2024 Copper Price Forecast: Peak of 75,000 Yuan and Trough of 58,000 Yuan! A Strong Rebound Expected in the Second Half of the Year; Investors to Closely Monitor Catalysts from the New Energy and Real

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Background Overview: The copper market traded sideways at high levels throughout 2023. How will copper prices perform in 2024? Key Takeaways: Copper prices in 2023 were mainly driven by macroeconomic factors. On the spot market, combined consumption support from China's real estate and new energy sectors kept inventories at multi-year lows for an e

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