Fundamental analysis by سهم گلچین about Stock ذوب on 4/4/2024

Copper at the highest level of the last 14 months 🔹 In addition to lowering the dollar index that contributes to the rise in basic assets, the rise in copper prices was more due to China's strong economic data, which tackled the country's fear of decline. Both formal PMIs and Caixin in China pointed to the expansion of factory activity in March, which failed to market forecasts, showing that the sector may be more stretched after the opposite wind in China's production that maintained reduced demand for basic metals. In addition, the movement of China's copper smelting plants towards reducing mass production amidst the reduction of ore reserves helped to rise. https://t.me/sahm_golchin_bourse