Copper’s shine will fade
Copper has gained around 10% since the start of 2017. But don’t count on high prices lasting.
Copper has gained around 10% since the start of 2017. China comprises 45% of global consumption, and so prices of the red metal tend to track the prospects for Chinese industrial activity. These have brightened in recent months thanks to government stimuli.
Traders are also pencilling a bounce in global growth following a Trump stimulus. Strikes in Chile mean a tenth of copper production capacity "could be out of action soon".
Start your trial of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
