Copper Rally Is Running Ahead of Itself: ED&F Man

The video discusses the impact of China's reopening on commodity demand, particularly focusing on copper. It highlights the sentiment-driven nature of the current market and suggests that while there is potential for increased demand, the fundamentals may not yet support a significant rally. The discussion also covers structural changes in China's economy, such as population decline and a cooling property sector, which may affect future commodity intensity.

What structural changes in China are impacting the intensity of consumption of commodities like copper?

How does the current situation in China's property sector compare to previous years in terms of manufacturing intensity?