Copper has been in steady decline since 2011, and so we have to remain bearish on the metal heading into 2016. But there are still several factors to keep in mind that could play a role in copper’s potential price recovery, including China’s economic recovery and their manufacturing and construction projects planned for the year ahead.
We’ve identified the main price drivers for copper next year as:
1. China GDP & PMI Data
2. China export volumes
3. Dollar to Euro exchange rate
4. Automotive and construction growth
For a long-term industrial buying strategy for copper, complete with specific support and resistance levels, download your complimentary copy of our 2016 Annual Metals Outlook report!
This report also includes commodities markets and industrial metals market analysis, in addition to key price drivers and commentary on aluminum, nickel, lead, zinc, tin and various forms of steel, in addition to copper.