Analysts: If Trump is elected, it will be bearish for copper, aluminum, and other non-ferrous metal varieties

"In general, the market has priced in the Fed's rate cut in September quite fully, while concerns about a recession in the U.S. continue to grow, and the domestic economy is still undergoing a moderate recovery, leading to a sharp decline in the overvalued non-ferrous metal sector." said Li Xuezhi, director of Chaos Tiancheng Research Institute. Li Xuezhi stated that one of the key themes in the non-ferrous metal sector is the strong demand driven by green energy and transportation, with the Trump and Biden administrations having completely different attitudes towards green energy. If Trump is re-elected, there will be a great deal of uncertainty for non-ferrous metal green consumption, which will be bearish for copper, aluminum, and other non-ferrous metal varieties. (Futures Daily)