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Stronger than expected economic data from China, specifically new orders for manufactured goods, suggest a tradable rally in copper miners may be on the horizon.
Stronger than expected economic data from China, specifically new orders for manufactured goods, suggest a tradable rally in copper miners may be on the horizon.
(Carlos Barria/Reuters)

Resurgent China may be a boon to copper

Stronger than expected economic data from China, specifically new orders for manufactured goods, suggest a tradeable rally in copper miners may be on the horizon.

The HSBC/Markit Flash China Manufacturing Purchasing Managers’ Index is designed to predict the government manufacturing report due for release on June 30. Released Monday, the Flash PMI came in well above expectations and provided a clear positive indicator for official numbers.