Copper exporters to benefit from China reopening, AllianceBernstein says

Global markets have yet to price in fully the reopening of China and copper exporters are set to benefit from the world’s second-biggest economy returning, according to AllianceBernstein.

For sectors like copper where supply constraints remain and inventory levels are low, there is “a good underpinning” for higher prices, said Christine Phillpotts, portfolio manager at AllianceBernstein in New York. She specified that key exporters such as Chile, Peru, the Democratic Republic of the Congo and Zambia will get a boost.