Copper prices stay near one-month high on China stimulus plans

Copper futures dipped to around $4.20 per pound on Tuesday, though they stayed near the one-month high reached in the previous session, following China's announcement of new economic stimulus measures.

Copper prices stay near one-month high on China stimulus plans

The Politburo revealed plans for a "moderately loose" monetary policy and a "more proactive" fiscal stimulus approach for the coming year, marking a shift from the cautious stance of the past decade. This policy change is expected to boost demand in China, the world’s largest copper consumer, especially amid concerns over potential punitive tariffs from incoming U.S. President Donald Trump.

Investor sentiment cautious amid concerns over China's long-term growth

However, investor sentiment remained cautious due to ongoing concerns about China’s long-term growth, particularly in the construction sector.