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If copper price is down, that means we have too much copper, not too little.
by ncmncm 4y ago
If copper price is down, that means we have too much copper, not too little.
- tricky777 4y agoreading the post is essential. here is the bit adressing this: > that may be due to previous hoarding in China coupled with economic slowdown and/or disruptions in their metals markets
- 01100011 4y agoIf you look at the copper futures chart the current price is below a few peaks but it is still quite high, historically speaking. That is in the face of a real estate crash in China and impending global economic slowdown(a significant portion of which is due to energy malinvestment). On a related note, the majority of new home construction does not use copper these days(both for cost reasons and performance reasons).