1002 GMT - Copper's outlook is clouded by expectations of a stronger dollar, looming tariffs and a potential deceleration in the energy transition under President-elect Donald Trump, BMI analysts say. "While we still expect that copper will continue to thrive due to climate-driven sentiment, we note that the balance of risks to our relatively bullish outlook is tilted to the downside," they say in a note. BMI doesn't expect a significant boost to metals demand from the Chinese construction sector. However, stronger industrial activity and growth due to government stimulus could be sufficient to lift prices, they say. LME three-month copper currently trades 0.6% higher at $9,153 a metric ton. (giulia.petroni@wsj.com)
(END) Dow Jones Newswires
January 14, 2025 05:02 ET (10:02 GMT)
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