26 September 2018

Investors tap metals as gateway to China, WSJ says

Investors seeking to bet on China’s economic growth are piling into the iron-ore and copper markets, the Wall Street Journal reported on Thursday. Prices of the industrial commodities have risen in recent months amid a flurry of positive signals out of the world’s second-biggest economy, according to the newspaper. The nation’s iron-ore imports surged to a record 74.6 million metric tons in September, the report said, citing the latest available data from the General Administration of Customs. That has pushed prices up nearly 20 percent since May, to about US$131 a ton, according to industry data provider Steel Index. China also has been importing more copper, helping fuel a 10 percent rise in the metal’s prices from nearly a three-year low in June, the report said.

– Contact HKEJ [email protected]



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