nice summary 1912...
so much potential here...spot on re copper as well
Copper prices are now at seven-year highs, driven by China’s post-pandemic infrastructure drive.There are echoes here of the post Global Financial Crisis (GFC) period, circa 2010, when world #2 economy China began spending mountains of cash to keep its economy growing.
A huge chunk of this spend went into infrastructure construction, which had a direct impact on metals prices. Iron ore, nickel and copper are just a few that rebounded strongly in the ensuing period.The same thing is happening right now.According to Todd Warren, head of research at Tribeca Investment Partners, the outlook for copper is even more bullish this time around.“Certainly, the anecdotal evidence that we have seen indicates China is pressing the pedal to the metal,” he told *.“It’s as big, if not bigger, than it was post-GFC.“But what is really exciting is that post-GFC they were still massively export driven as an economy.
Today China is consuming all of it domestically.“Which means when the rest of the world’s economies recover from COVID-19 it paints a pretty bullish picture for copper demand.”Then there are copper’s well known supply issues
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