Economics class: Copper rallies on hopes of China economic rebound
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Demand and supply
Click to read the article below and then answer the questions:
With reference to the chart, calculate the percentage change in the spot price of iron ore from September 2022 to January 2023
The article references ‘the end of Covid-19 restrictions in China’, ‘a rapid rebound in China’s economy’, and ‘a surge in perceived buying’. Use a demand and supply diagram to analyse the potential impact on the iron ore market
Outline the factors that are driving a general resurgence in commodities markets
Gavin Clarke, Emmanuel College