What if China stimulus-led copper squeeze re-rates global mining equities?
A credible China demand revival collides with constrained copper supply, tightening balances and lifting prices; the squeeze re-rates global copper miners and commodity-levered emerging markets on industrial-demand recovery.
The butterfly cascade
How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.
Resolution timeline — how this probability is moving
Our model's odds (electric blue) over time vs the market's (Polymarket, amber), from the past toward the 1–3 years horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. Loading the probability audit trail…
What it would mean
If this plays out, it is a risk-on shock. A credible China demand revival collides with constrained copper supply, tightening balances and lifting prices; the squeeze re-rates global copper miners and commodity-levered emerging markets on industrial-demand recovery. The trigger decomposes into signed root‑shocks — Copper ▲ · China stimulus ▲ · Industrial demand ▲ · Risk appetite ▲ — which propagate through our causal graph to the markets below.