Re: What is going on in the copper market??
my friend is a copper trader, i can ask him to jot down a few key points. but from our pub discussions, on a daily basis a lot has to do with if there are strikes/political leader quotes/mines opening or closing/weather problem in a producers area.
i remember one time last spring, he was saying that it was so typical that on the day that some US important bank guy made a speech that should of increased the price of copper, instead it fell becuase of workers going on strike in some mine in a small country in africa.
next time i email him ill ask him to put down a few things.
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here's a lot more going on in the world than what's going on in The US these days.
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fwiw, i dont think he's ever mentioned how the demand in the US affects copper long term, only ever how china affects it.
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