The link below is how Barclays reads the tea leaves in Cu, Fe, Met coal etc.
http://www.bnn.ca/video/copper-will-struggle-to-hit-november-highs-again-barclays~1021161
Spoiler Alert! the link title is partly wrong.
Seems management is both nimble and prudent with this hedge.
OV
PS Fe as a store of wealth?! I remember that a few years ago (2013?) concerning Cu being used as a monetary security, it just went up for no reason of use, but as a place to put money.
Ann: Short Term Copper Hedging & Strong Australian Tin Prices, page-5
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