China's Commodity Hunger Remains Strong Despite Property Slowdown
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China's property sector is slowing but its appetite for commodities will remain strong due to structural economic changes and green investment.
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Copper demand is tied to property construction but will grow with increasing investment in renewable energy and electric vehicles.
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Aluminum demand is benefiting from property, EVs, and charging infrastructure. Prices have held up better than expected.
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Iron ore demand and prices have softened but held up better than feared due to infrastructure stimulus hopes.
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Even slower growth in China will still drive a sizable share of global commodity demand due to its sheer size.