How Copper Is Defying Weakness in China to Make A Serious Bull Run
Thursday, 25 April 2024 () The entire base metal complex has been bullish in the current year, led by a 37% surge by tin and 17% by copper despite a weaker Chinese market and the U.S. dollar strengthening against major world currencies. Last week, copper prices soared to a two-year high just shy of $10,000 per ton largely spurred by a combination of positive investor interest--as evidenced by increasing bullish positions in Comex futures--and supply concerns due to mine-supply downgrades. Still, the Chinese market continues to send mixed signals. On one hand, macro…
Thursday, 25 April 2024 ()
