China has just reported its largest two-month copper imports in history.
Don’t read too much into these weekend headlines about geopolitical agreements as if something fundamental has shifted.
The world remains firmly entrenched in a deglobalization trend, which, in my view, is unlikely to change course anytime soon.
The push to secure strategic metals is just one manifestation of this broader shift unfolding in the markets.
China has just reported its largest two-month copper imports in history.
Don't read too much into these weekend headlines about geopolitical agreements as if something fundamental has shifted.
The world remains firmly entrenched in a deglobalization trend, which, in my view, is… pic.twitter.com/Nt4bM5wUwk
— Otavio (Tavi) Costa (@TaviCosta) May 12, 2025