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Copper MMI: Bull Market Around the Corner?

Posted on 09 November 2016

Our Copper MMI held steady at 61 points in October. At first glance, it might appear that there is nothing bullish about that. Markets remain in surplus due to producers’ unwillingness to cut capacity.
Copper prices have lagged the rest of the industrial metals this year and we’ve been pretty bearish on copper since 2011. But, although still early to make a call, there might be a bull lurking in the shadows. Copper prices might be setting up for a big run. Although prices didn’t rise in October, they showed resilience in the face of a rising dollar…………………………………….Full Article: Source


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