...anyone paying attention?
BREAKING: Copper prices have declined for 9 consecutive trading days, the longest streak since the 13 session decline seen during the 2020 Pandemic.
Over the last 10 weeks, copper prices have dropped by 21% to their lowest level since April 1st, officially entering a bear market.
This sharp turnaround comes after total global exchange inventories have skyrocketed. Inventory levels jumped from ~220,000 metric tons in Q1 2024 to ~580,000 currently, the highest level since Q2 2020. Commodity volatility is skyrocketing right now.
https://x.com/KobeissiLetter/status/1816549676537020471
...anyone paying attention? BREAKING: Copper prices have...
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