Commodities Look to China for Salvation

Economic stimulus plans announced by China this month have swooped in to provide a sizable lift to copper and iron-ore prices, but they won’t be the hero the demand-hungry commodities market is looking for.

In the first week of September, reports said China’s top economic planners approved a fresh batch of major infrastructure-investment projects, including those on highways, ports and rail transit — with Nomura economists pegging the value of the projects approved that week at 1 trillion yuan ($159 billion).

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