Copper Ready For A Comeback? Expert Predicts Fresh Rally Despite China Slowdown

Are industrial metals losing momentum, or is this the perfect buying opportunity? Commodity expert Vandana Bharti of SMC Global Securities explains why copper has corrected despite supply deficits and low global inventories. She says rising crude oil prices, weak demand from China, high interest rates and seasonal monsoon-related slowdown have weighed on industrial metals. However, negative treatment and refining charges (TCRC), limited inventories across LME, SHFE and the US, and production disruptions in China could support a recovery. According to her, copper may witness fresh upside after the recent correction, with a target zone of ₹1,390–₹1,420. Watch this detailed outlook before making your next commodity investment decision.