Copper price action continues to show massive bear trends and signals further declines. The continuous breakdown of short-term trading ranges fosters a volatile market. This leaves industrial buyers at risk of inventory value fluctuations. Copper prices peaked in March, muted demand from China triggered the beginning of the price downtrend. The impact of China’s lockdowns started taking effect during the second half of April. The price descent continued following a brief rebound. However, it failed to overtake its previous high as Shanghai emerged from lockdowns. However, bearish focus shifted growing fears of an economic recession in the West. China’s recovery has, thus far, failed to reverse the downward momentum. However, any backtracking could accelerate the current free fall in prices that now sit nearly 30% beneath their March 7 peak. According to a recent Reuters report, China will create a state infrastructure investment fund totaling nearly $75 billion in Q3. Its latest moves follow President Xi’s late-April commitment for an “all-out” strengthening of infrastructure construction. While projects will likely be expansive, Xi emphasized “sci-tech” infrastructure. China looks toward building its digital economy as well. To fund its ambitions, China’s cabinet announced it would raise the credit quota for policy banks by $120 billion. It will also issue nearly $45 billion in financial bonds. While China’s stimulus measures extend beyond infrastructure, infrastructure spending appears as the priority. NN: I can tell you for a fact that lithium and copper are the metals to watch. Lithium goes into electric car batteries and cooper makes the motors go round. The lefties will cram electric transportation vehicles down the public’s throats. I am not worried i have my 6 average price 3000 euros.And the metals prices like all commodities are crashing… Inflation is over…