COMEX Copper sees tepid moves, OECD says China's economic growth to ease next year

Copper futures are witnessing tepid moves as market is fixated on demand from China and general unease about global geopolitical scenario. OECD stated in its latest economic outlook that in China, the unwinding of front-loading of exports, the imposition of higher tariff rates on imports and the fading of fiscal support is expected to lower growth, beginning in the second half of this year. Chinese real GDP growth is projected to be 4.9% in 2025 and is likely to ease to 4.4% in 2026. COMEX Copper futures are moving in a tight range this week and currently trade at $4.64 per pound, down marginally on the day.

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