Copper bulls get an electric shock as world's factories slow
Copper has dropped to about $9 500 as China’s property crisis and the delta variant roiled markets.
Source: moneyweb.co.za
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Copper has dropped to about $9 500 as China’s property crisis and the delta variant roiled markets.
Speculative positioning has pulled back to pre-pandemic levels, though prices remain about 50 per cent higher than at the end of 2019.
Bank of America said $20,000 could be possible if major supply-side issues arose simultaneously.