The Wall Street Journal reports on the price rise of copper

  • Prices for July delivery closed up 4.1% Tuesday ... on Comex ... its highest since May 2015

Cites:

  • Copper, once buoyed by optimism over President Donald Trump's infrastructure plans, is now being powered to fresh highs by optimism over China
  • got an additional boost Monday after the International Monetary Fund increased its growth expectations for China in 2017 and 2018 while leaving its forecast for the global economy unchanged and trimming its forecast for the U.S.
  • The IMF also raised its growth estimates for Europe and Japan.

The WSJ piece is headlined: Once Part of 'Trump Trade,' Copper Now Propelled Higher by China

... but, yeah, I wouldn't be ignoring the improving economies in Europe and Japan also.

From the piece, more in China:

  • Caterpillar Inc. reported Tuesday that Chinese demand for equipment to carry out infrastructure projects fueled a 10% increase in second-quarter revenue from the previous year.

The Journal is gated, but her is the link if you can access it