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Is the copper mine supply wave peaking? Andy Home

Posted on 23 November 2016

Copper’s recent turbo-charged rally has upended the market’s narrative of supply surplus. Too much supply was supposedly the reason why copper, until this month, was the worst performer among the base metals traded on the London Metal Exchange (LME).
But right now the market is struggling to work out where all that extra copper actually is. LME stocks are low and falling. Stocks registered with the Shanghai Futures Exchange (ShFE) are rising but still low………………………………………Full Article: Source


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